KUALA LUMPUR (June 13): Construction services firm GDB Holdings Bhd said it is tendering for RM2.9 billion worth of projects comprising residential and commercial buildings in Klang Valley.

In a statement today, GDB managing director Cheah Ham Cheia said the company's current tender book consists of 12 projects in Klang Valley, namely buildings for residential, mixed development, hotel, factory and sales gallery.

He said the financial year ending Dec 31, 2019 (FY19) has seen gradual improvement in tender activity for the construction of various buildings, reflecting project owners' recovering sentiment in the sector.

"On top of that, we also believe that our consistent track-record in delivering projects ahead of schedule as exemplified with our recent completions places us in a favourable position to secure new contracts.

"To that end, we are continuously pursuing new contracts in a bid to bolster our order book of RM619.1 million as at end-March 2019," he said.

Cheah added that in FY18, GDB had successfully delivered Etiqa Office Tower on July 13 and Westside III on Oct 20.

He said both projects were completed ahead of schedule and achieved five-star rating with score above 90% from the Construction Industry Development Board of Malaysia (CIDB) in Safety and Health Assessment System in Construction (SHASSIC).

Cheah explained that GDB's order book consists of three ongoing projects, namely AIRA Residence in Damansara Heights, Menara Hap Seng 3 within the Kuala Lumpur city centre, and the recently-secured Perla Ara Sentral, Ara Damansara, and that the order book would last till FY21.

At the noon market break today, GDB was flat at 30 sen with 72,600 shares done.