KUCHING: Insights Analytics Technologies Sdn Bhd (IAT), a wholly-owned subsidiary of newly listed Insights Analytics Bhd (IAB), has secured a sub-contract worth RM11.46 million for a water supply project in the Nibong Tada areas of the Sibu Division.
IAT accepted a letter of award from main contractor W Realty Holding Sdn Bhd to design, build and operate a performance-based solution for the acute water supply shortage project.
According to IAB’s filing with Bursa Malaysia, the project begins on Nov 24, 2025 and is scheduled for completion on May 7, 2026, followed by a 60-month operation and maintenance period. The main contractor will also arrange the performance bond and insurance.
IAT, formerly EXXOR Technologies Sdn Bhd, specialises in water technology and intelligent asset management, while W Realty is involved in property investment, contract works and trading.
“The project is subject to operational, construction and regulatory risks, all of which are manageable in the ordinary course of business. The board of directors does not foresee any exceptional risk factors which
may arise from the project,” said IAB, which was listed on the ACE Market last month. The group expects the project to contribute positively over the contract duration.
Meanwhile, the Employees Provident Fund (EPF) has continued to raise its stake in Dayang Enterprise Holdings Bhd with the purchase of an additional 598,100 shares on Nov 18, bringing its holding to about 126.44 million shares (10.921 per cent). A day earlier, EPF acquired another 149,900 shares. Dayang closed at RM1.60 on Friday, trading between RM1.43 and RM2.48 over the past year.
EPF has more than doubled its stake in the offshore services provider over the last eight months, up from 59.73 million shares (5.159 per cent) as at March 19. Dayang’s largest shareholder remains Naim Holdings Bhd with 24.22 per cent.
For the first nine months of 2025, Dayang posted a sharply lower net profit of RM169.2 million on revenue of RM726.9 million, compared with RM296.3 million and RM1.15 billion respectively a year earlier. The group said its performance was affected by reduced utilisation of offshore supply vessels, a significant drop in third-party chartering income and fewer work orders from oil majors under topside maintenance contracts.
As at Sept 30, 2025, Dayang had outstanding call-out orders of about RM4.9 billion and said it expects to “participate actively in project tenders going forward.”
