UUE HOLDINGS BERHAD (UUE)

UUE Holdings Berhad - Malaysia's Underground Utilities Specialist

If you've ever seen construction work where fiber cables or power lines are installed underground without tearing up entire roads - that's exactly what UUE Holdings does. This isn't your average contractor. They are one of Malaysia's leading specialists in underground utilities engineering, with a particular expertise in Horizontal Directional Drilling (HDD) technology.

Founded in 2009 and listed on Bursa Malaysia's ACE Market, UUE Holdings operates two core business segments:

• Underground Utilities Engineering (~83% of revenue): The heart of their business. Using HDD technology, open-cut excavation, and micro-trenching, UUE installs fiber optic cables, power cables, and other utility infrastructure underground - with minimal disruption to road surfaces. Key clients include Tenaga Nasional Berhad (TNB), major telecommunications companies, and main contractors.
• HDPE Pipe Manufacturing & Trading (~17% of revenue): UUE also manufactures high-density polyethylene (HDPE) pipes that support their own project requirements and are sold to external customers.

HDD Technology - UUE's Core Competitive Advantage

Horizontal Directional Drilling is the primary differentiator that sets UUE apart from conventional civil contractors. This method allows underground cable and pipe installation that is:

• ✅ Far less disruptive to traffic flow and daily activities
• ✅ Faster and more cost-effective in urban environments
• ✅ Suitable for challenging locations such as under highways or rivers
• ✅ More durable than traditional open-cut methods

Markets: Malaysia + Singapore

UUE's core operations are anchored in Malaysia, with significant contracts from TNB (underground electrical infrastructure) and telcos under the national JENDELA broadband rollout program. However, they are aggressively expanding into Singapore via subsidiary Konnection Engineering Pte Ltd - clinching an S$20.9 million (approximately RM67 million) contract in November 2025, their largest Singapore win to date.

Shariah Compliant Status ✅

UUE Holdings is a Shariah-compliant stock, certified by the Shariah Advisory Council of the Securities Commission Malaysia. This makes it a suitable choice for investors following Islamic investment principles.

With a record order book of RM416 million, UUE has more than 2 years of revenue visibility. This provides investors confidence that their project pipeline remains robust going forward.

This section is being refreshed with the latest figures. Please check back soon.

This section is being refreshed with the latest figures. Please check back soon.