Nova MSC to focus on growing e-government and smart healthcare segments

KUALA LUMPUR: Nova MSC Bhd, which recently proposed to dispose of the company’s loss-making building automation segment, will focus on its e-government and smart healthcare segments going forward as it is confident of securing more contracts.
The company provides a one-stop solutions platform for both government and healthcare sectors, which streamlines and automates processes hence increasing efficiency while simultaneously decreasing costs.
At a media briefing today, its group CEO Steven Chan Wing Kong said moving forward, the company will be focusing on marketing of such solutions to the governments of Malaysia, Japan, China as well as the Middle East countries.
“These countries present massive opportunity when it comes to digital government.
We have met with the relevant (Malaysian government) department but the negotiation may take as long as three years,” he added.
Chan also noted that he sees a high growth potential in smart healthcare application segment in Malaysia.
To date, Nova MSC already has a presence in Malaysia, Indonesia, Brunei, Saudi Arabia and Singapore.
Additionally, Chan said the company is on track to turnaround in financial year 2019 (FY19), and foresees a substantial revenue contribution from its digital government services segment in Malaysia going forward.
He said, supported by the company’s current strong order book which stands at RM117 million, it is expected to sustain its earnings visibility for the next three years.
Currently, Chan said its operations in Singapore contribute 98% of its revenue and expects to reduce the ratio to 50% in the future.
Chan also added that by leveraging on its good track records in Singapore, it aims to become the market leader of Malaysia’s digital government services segment within the next three to five years.
He further added that the company also aims to capitalise on the Malaysian government’s aspirations to digitalise and revamp the public services.