{
  "id": 7218737,
  "title": "Southern Score's RM180mil hospital job boosts revenue visibility",
  "url": "https://urgent.news/2026/09/14/southern-scores-rm180mil-hospital-job-boosts-revenue-visibility",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T01:35:47.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1532305/southern-scores-rm180mil-hospital-job-boosts-revenue-visibility"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Southern Score Builders Bhd has landed a significant RM180 million contract for a hospital project in Melaka, according to Apex Securities Bhd. This contract, the firm's largest single win in 2026, offers strong revenue visibility for the company. The award represents a book-to-bill ratio of around 3.8 times Southern Score's unaudited FY26 revenue. Assuming a 15% net profit margin, the contract could contribute approximately RM27 million in after-tax profit over its lifespan, accounting for about 27.1% of the firm's FY27 revenue. Apex Securities has retained its earnings forecasts, as the contract fits within its FY27 order book replenishment assumption of RM500 million. The company's year-to-date contract wins of RM431.5 million already approach this target, despite being less than three months into the financial year. If this trend continues, there is a reasonable chance of a further upward revision to their FY27 and FY28 revenue and earnings forecasts. Apex Securities has kept its Buy recommendation on Southern Score with an unchanged target price of 78 sen.",
  "summary": "KUALA LUMPUR: Southern Score Builders Bhd’s newly secured RM180 million contract for a hospital project in Melaka is expected to provide the company with solid revenue visibility, according to Apex Securities Bhd.",
  "key_points": [
    "Southern Score Builders wins RM180 million hospital contract in Melaka.",
    "Contract represents firm's largest single win in 2026.",
    "Potential after-tax profit of RM27 million from contract."
  ],
  "editors_take": "Southern Score's RM180 million hospital contract win significantly boosts its revenue visibility and may lead to upward revisions in FY27 and FY28 revenue and earnings forecasts if the strong contract win trend continues.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}