KUALA LUMPUR (July 16): Nova MSC Bhd is eyeing to secure more contracts for its digital government services segment, particularly in Malaysia.

Speaking to a media briefing today, its group chief executive officer Steven Chan Wing Kong said the group will be focusing on its two strategic pillars of e-solutions, namely digital government and smart healthcare.

He said the group expects a "substantial revenue contribution" from its digital government services in Malaysia, while capitalising on the Malaysian government's aspirations to digitalise and revamp the public areas.

Currently, 98% of Nova MSC's revenue is derived from Singapore.

"We are looking into Malaysia, China, Japan, Australasia and the Middle East [markets]," Chan said, adding that Nova MSC is anticipating to see a reduction in Singapore's contribution to about 50% of its total revenue in three years.

After falling into the red for two consecutive financial years, Nova MSC expects to turn itself around in the current financial year ending March 31, 2019 (FY19), on the back of its backlog orders from the digital government services segment.

Following disposal of its 51%-owned Singapore unit Primustech Pte Ltd, its orderbook stands at RM117 million, which will keep the group busy for the next three years.

For FY18, Nova MSC saw its net loss narrowed to RM2.62 million, from RM20.43 million in FY17. Revenue was 24.62% lower at RM72.97 million, versus RM96.81 million in FY17.

At 4.30pm, shares of Nova MSC were up half a sen or 2.7% to 19 sen, with 14.4 million shares traded, for a market capitalisation of RM139.04 million.