FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 69 GROUP BUSINESS REVIEW Our facilities are approved by Bursa Securities for managing Port Tank Installations. Notably, the redevelopment of our Seksyen 15 warehouse in Shah Alam into a Central Distribution Centre (CDC) and the upgrade of Glenmarie warehouse are integral parts of our expansion strategy, aimed at increasing storage capacity. We are leveraging automation and big data analytics to enhance overall operational efficiency, optimising processes and enhancing operational performance. Overview Our IT company, FGV Prodata Systems Sdn Bhd (FGV Prodata), is one of the leading system integrators and solution providers in Malaysia. Since 1995, FGV Prodata has successfully established itself as a brand with a proven track record, as well as strengthed its footprint in various sectors including government and Government-Linked Companies (GLCs), defense, telecommunication and others. As a Value-Added Reseller and SAP Gold Partner with a robust portfolio of Intellectual Property (IP) rights and patents, we consistently meet our customers’ requirements effectively. We have aggressively participated in tenders issued by Government Ministries and Agencies, public sector and GLCs. This proactive approach allowed us to regain momentum and sustain our growth trajectory. During the review period, our segment achieved significant milestones by securing two substantial contracts totalling approximately RM50 million. One of these contracts involved supplying 6,157 laptops to the Ministry of Education for the Northern Region. This project held significant importance for FGV Prodata in order to recover its reputation and market positioning in the managed services industry. Furthermore, we were awarded a contract for enhancing the Smart Plantation Management Solution 3.0 for FELDA. The upgraded system is poised to enhance efficiency and optimise productivity for FELDA, while showcasing our innovative solutions tailored to the evolving requirements of the agriculture sector. To further support our growth, we undertook several key steps, including robust collaborations, innovative product packaging, and the development of strategic market approaches for our IP. We strengthened our internal controls through good governance practices, including establishing a Tender Participating Committee (TPC) and a Credit Control Committee (CCC). Additionally, we optimised project costs and enforced cost-saving measures to further improve our margin. Outlook The outlook for Malaysia’s IT market in 2024 is highly promising, characterised by a robust compound annual growth rate of 7.6%. This growth trajectory is fuelled by significant advancements in cloud computing, AI, IoT and an increasing emphasis on cyber security. These innovations are not only propelling our business landscape forward but are also integral to the broader economic transformation of Malaysia. INFORMATION TECHNOLOGY
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