KUALA LUMPUR (Jan 20): Fututech Bhd aims to secure minimum construction jobs worth RM600 million in its current financial year.

"We are confident of securing at least RM600 million worth of construction works, based on our previous track record," its executive chairman Datuk Tee Eng Ho told pressmen, after the group's extraordinary general meeting (EGM) today.

Tee said Fututech's current orderbook stood at RM2.7 billion, which could support its earnings until 2018.

Besides that, he also shared that the group is tendering RM1.17 billion, of which 80% are from its main clients, SP Setia Bhd, Eco World Group Development Bhd and Eastern and Oriental Bhd.

When asked on the Budget 2016 revision, Tee said the expenditure cut will have no impacts in the group.

"Most of our projects are from [the] private sector, if we won public jobs, this is a plus for us," he added.

Shares in Fututech was unchanged at RM1.75 as of 12.30pm midday break today, giving it a market capitalisation of RM159.06 million.

Trading volume was thin at 9,000 shares.

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