RESINTECH Bhd, a Main Market-listed manufacturer of plastic pipes, water tanks and fittings, has sealed a contract with the Phnom Penh Water Supply Authority (PPWSA) for the supply and delivery of HDPE pipes and fittings (Batch 2) under the Bakheng Water Supply Project Phase 3 in Cambodia.
The five-month contract granted to the group’s wholly-owned subsidiary Resintech Plastics (M) Sdn Bhd has an estimated value of US$3.97 mil or an equivalent of RM16.07 mil based on prevailing exchange rates.
This award represents the second batch secured by Resintech under the Bakheng Water Supply Project Phase 3 (Batch 1 which commenced on Sept 15 is worth US$3.93 mil or RM16.5).
The Bakheng Water Supply Project is one of Cambodia’s largest water infrastructure developments and is financed by Agence Française de Développement (AFD), France’s official development bank together with PPWSA.
AFD has supported Cambodia’s water sector for nearly two decades by funding treatment plants and network expansion projects aimed at improving water access and reducing non-revenue water.
Resintech’s regional progress comes alongside significant water infrastructure spending in East Malaysia.
In Sarawak, more than RM6 bil worth of water and sewerage projects have been approved under the 13th Malaysia Plan (13MP), including treatment plants, transmission pipelines and rural distribution systems.
In Sabah, the state government has placed water security as a priority with large-scale projects and budget allocations aimed at expanding clean water supply and upgrading ageing infrastructure.
Together, these programmes provide clear medium-term demand visibility across the group’s product portfolio, including HDPE and uPVC pipe systems, water storage tanks, fittings and other infrastructure-related solutions with scope for additional product offerings as projects progress.
“This second contract under the Bakheng project reflects our growing participation in regional water infrastructure works,” commented Resintech’s managing director Datuk Dr Teh Kim Poo.
“Together with on-going water investments in Sarawak and Sabah, we see steady demand for our products over the next few years.”
Beyond manufacturing, Resintech is also expanding its recurring income base through property assets.
The group’s 158-unit workers’ apartment development with four shop lots in Kuala Langat, Selangor which is slated for completion in mid-2028 is projected to increase annual rental income by about RM1.5 mil, thus effectively doubling Resintech’s current property-related rental contribution.
Added Teh: “With manufacturing demand supported by multi-year water infrastructure programmes and rental income providing a stable recurring contribution, we’re comfortable that the group is positioned for double-digit revenue growth over the next few financial years barring unforeseen circumstances.”
At the close of today’s (Dec 26) market trading, Resintech was down 1.5 sen or 2.8% to 52 sen with 66,300 shares traded, thus valuing the company at RM102 mil. – Dec 26, 2025
