Varia Berhad

Varia Berhad

MMYX:VARIA
0.76
MYR
-0.04
(-5.62%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Beng Sin Lau
Sector
Finance
Industry
Real estate development
Address
Petaling Jaya Malaysia
IPO Date
Nov 17, 1998
Business
Varia Berhad is a Malaysia-based investment holding company that operates primarily in civil engineering, infrastructure construction, property development, and engineering support services. The Company operates through three core business segments: Construction and Engineering, Property Development, and Trading and Services. Through its Construction and Engineering segment, the Company provides a comprehensive range of services, including civil engineering and structural works; earthworks and site preparation; road, highway, and bridge construction; drainage systems, river rehabilitation, and flood mitigation projects; water supply pipelines, sewerage networks, and reservoir infrastructure; mechanical and electrical (M&E) engineering; and the construction of residential, commercial, industrial, and institutional buildings. The Property Development segment engages in land acquisition, master planning, property investment, and the development and sale of residential townships, commercial complexes, and mixed-use developments. The Trading and Services segment specializes in the wholesale, procurement, and distribution of building materials; rental and maintenance of heavy construction machinery and equipment; and the provision of technical project management and consultancy services. Originally incorporated in 1997 and headquartered in Shah Alam, Selangor, Malaysia, Varia Berhad primarily serves public sector agencies, government-linked corporations, and private commercial enterprises across Malaysia. In recent corporate developments, the Company completed a major corporate rebranding in early 2024, officially changing its name from Stella Holdings Berhad to Varia Berhad to reflect its strategic diversification and ongoing business transformation. To strengthen its construction capabilities and order book replenishment, the Company completed the strategic acquisition of Pembinaan Teguh Maju Sdn Bhd, substantially augmenting its engineering capacity, specialized technical workforce, and eligibility for large-scale government infrastructure tenders. Furthermore, Varia Berhad has expanded its operational scope into sustainable infrastructure and renewable energy, securing contracts for engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic projects, while aggressively expanding its portfolio of public infrastructure, river basin conservation, and flood alleviation contracts across Peninsular Malaysia.