Federal International eyes private hospital sector
Emmanuel Samarathisa | 15 Mar 2019 00:30
The only way to grow if you are a construction company in Malaysia is to either bag public infrastructure tenders or win private projects.
Now, the former is fraught with uncertainty while the latter is highly competitive hence the reason most analysts have placed a neutral call on the domestic construction sector, primarily a result of the mega-project review conducted under the Pakatan Harapan (PH) government.
Such dim prospects, however, have not deterred companies like Federal International Holdings Bhd (FIHB) to diversify from its signature furniture business to construction.
FIHB group managing director Datuk Choy Wai Hin believes the company’s construction foray is purely synergistic and will be beneficial in the long run as it is insulated from government dealings.
But in the highly competitive private construction sector, there should be something else in the pipeline that would offer FIHB differentiation and Choy seems to have that down pat as well: he is eyeing the private hospital space.
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