Willowglen MSC
Willowglen
is involved in system integration and provision of in-house software
and hardware to assist companies in data collection, management,
security and surveillance of mission critical operations. It has 45
years of experience catering for the utility, oil and gas,
infrastructure, commercial and residential management sectors.
The
company’s products and services include SCADA (Supervisory Control and
Data Acquisition), IMS (Integrated Monitoring System), ITS (Intelligent
Transport System) and IloT (Industrial Internet of Things).
Willowglen’s
track record, reputation and consistent investments in R&D have
played an important role in its ability to secure recurring contracts
from reputable clients for its maintenance services and upgrades.
More
importantly, its business is highly scalable and we are upbeat on its
prospects given the increasing need for performance monitoring as
industries move towards centralised monitoring and management. The
development of its artificial intelligence unit is in line with the
progression towards minimal human intervention in performance management
and Industry 4.0 applications.
Willowglen’s
main markets are currently Malaysia and Singapore, with the latter
contributing 83% to total revenue in 2018. Looking ahead, Asean will be
the key growth area. It is well positioned to take advantage of the
expected investments in transport and utilities network as demand for
mobility, connectivity and electricity increases in the region. The
company is exploring expansion into the Vietnamese market for smart
building management and utilities management systems.
The
company has a healthy balance sheet with a large net cash position to
fund future projects and research. Its net cash of RM83 million is
equivalent to just under one-third of its current market capitalisation.
