Pesona Metro Holdings

What Pesona Metro Holdings does

Pesona Metro Holdings Berhad is a Malaysia-based, Bursa Malaysia Main Market-listed construction and property development group (stock code 8311, ticker PESONA) headquartered in Seri Kembangan, Selangor. The group's core business is construction services delivered to both public and private sector clients across Peninsular Malaysia, with demonstrated capabilities in high-rise residential buildings, commercial towers, highways, bridges, and river rehabilitation and beautification projects. Its project portfolio includes flagship developments such as Central Plaza @ I-City (RM488 million contract), Eaton Residences on Jalan Kia Peng (RM402 million), the West Coast Expressway Section 6 (RM371.42 million), the UniSZA teaching hospital in Terengganu (RM313.85 million), the Port Klang Bridge, and multiple Cyberjaya residential and mixed-use schemes including Third Avenue and Lakefront Homes.

The group's operating model is project-based B2B construction, generating revenue through one-time tenders and joint ventures rather than recurring contracts. Distribution runs through direct government tenders, direct private developer contracts, and strategic JVs (e.g., with Pembinaan Kaleigh Sdn Bhd, GPQ Sdn Bhd, and Semarak Korporat Sdn Bhd). The company also operates a property development arm — producing projects such as Residensi Gen, Mirai Kajang, Tria Seputeh, Ativo Suites Damansara, and Aman Bukit Jalil Residence — and has expanded via the 2015 acquisitions of Selasih Asli Sdn Bhd (90% stake, RM60 million, concession business) and SEP Resources (M) Sdn Bhd (RM29.15 million, resources). The Wie brothers (Wie Hock Beng and Wie Hock Kiong) control approximately 60.83% of the company. Pricing is not publicly disclosed, reflecting a contract-by-contract tender pricing model with both public agencies and private developers as the customer base.

Name

Pesona Metro Holdings

Legal name

Pesona Metro Holdings Berhad

Website

https://pesona.com.my

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Pesona Metro Holdings Berhad is a Bursa Malaysia-listed Malaysian construction and property development group delivering high-rise residential, commercial, infrastructure (highways, bridges), and institutional (hospital) projects for public and private sector clients via tenders and joint ventures.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Heavy and Civil Engineering Construction (237), Highway, Street, and Bridge Construction (23731), Water and Sewer Line and Related Structures Construction (237110)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

akta.pro secondary industry

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Construction services
• Property development
• Building construction
• Civil engineering
• Infrastructure construction

Headquarters

HQ city

Serdang

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Construction Services: General construction services for both public and private sector projects including high-rise residential, commercial towers, highways, bridges, and river rehabilitation works. Revenue is generated through project-based contracts secured via tender bids and joint ventures.
2. Property Development: Property development division engaged in developing residential and commercial properties

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Pesona Metro Holdings Berhad is a Malaysian construction and property development group. The Construction Division delivers high-rise residential, commercial towers, highways, bridges, and river rehabilitation projects for both public and private sector clients. The Property Development arm develops residential and mixed-use properties across Malaysia, including projects such as TNB Gold Bangsar, Eaton Residences, and Lakefront Homes Cyberjaya.

Product overview

Pesona Metro Holdings Berhad is an award-winning construction and property development company listed on the Main Market of Bursa Malaysia Securities Market. The Group operates two core divisions: Construction Services and Property Development. The Construction Division serves as the key driver of the Group, providing construction services for high-rise residential buildings, commercial towers, highways, bridges, and river rehabilitation projects in both public and private sectors. The Property Development arm focuses on residential and mixed-use developments across Malaysia. The company has delivered numerous projects including residential towers, commercial complexes, hospitals, and infrastructure such as the Port Klang Bridge and West Coast Expressway.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services
• Property Development

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core.

• GPQ Sdn BhdcoreStrategic or Co-development Partner · 22 March 2016Joint venture with GPQ Sdn Bhd and Semarak Korporat Sdn Bhd won RM313.85 million contract to build Universiti Sultan Abidin's (UniSZA) teaching hospital in Terengganu.
• Semarak Korporat Sdn BhdcoreStrategic or Co-development Partner · 28 April 2015Scale of shares agreement to acquire 90% equity stake in Selasih Asli Sdn Bhd (SASB) for RM60 million, entrenching position in the concession business.
• Pembinaan Kaleigh Sdn BhdcoreStrategic or Co-development Partner · 3 March 2015Joint venture partnership for road works project in Pahang worth RM172.72 million. Pesona Metro Sdn Bhd, Pembinaan Kaleigh Sdn Bhd and Hanawin Sdn Bhd formed a joint venture for the Merapoh to Kampung Kubang Rusa road works.
• Suruhanjaya Pilihan Raya (SPR)coreStrategic or Co-development Partner · 11 June 2013Letter of Award for construction and completion of remaining and rectification works of government office building and external works for SPR on Lot 2C10, Precinct 2, Putrajaya.
• PBT Engineering Sdn BhdcoreChannel Partner/ Reseller/ DistributorContract awarded from PBT Engineering Sdn Bhd to build a 17-storey office block and two SOHO buildings in Cyberjaya worth RM266.75 million.
• MCT BhdcoreChannel Partner/ Reseller/ DistributorContract from MCT Bhd's unit for construction of three blocks of apartment in Cyberjaya together with mechanical and electrical works worth RM238.45 million.
• City View Ventures Sdn BhdcoreChannel Partner/ Reseller/ DistributorContract from City View Ventures Sdn Bhd to build a 52-storey condominium block on Lot 371, Jalan Kia Peng worth RM402 million (Eaton Residences).
• Central Plaza I-City Real Estate Sdn BhdcoreChannel Partner/ Reseller/ DistributorContract to build Central Plaza @ I-City shopping complex in Shah Alam, Selangor worth RM488 million.
• Sime Darby Property (Subang) Sdn BhdcoreChannel Partner/ Reseller/ DistributorRM161.86 million contract from Sime Darby Property (Subang) Sdn Bhd for construction works.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• WCT Holdings Berhad: Malaysian contractor with focused practice in highways, civil/infrastructure, and building construction. Operates in the same tender-based business model as Pesona Metro with directly overlapping project categories.
• Muhibbah Engineering (M) Bhd: Malaysian contractor active in civil/structural, marine, and infrastructure projects. Comparable in scale and project type to Pesona Metro, with similar exposure to government and private developer contracts.
• Sunway Construction Group Berhad: Listed Malaysian pure-play contractor delivering high-rise buildings, infrastructure, and specialised engineering. Closely comparable to Pesona Metro in project mix, customer base (developers and government), and B2B tender-led GTM model.
• Kimlun Corporation Berhad: Malaysian construction group with building construction, infrastructure, and property development operations. Serves a similar mix of public and private sector clients; positioned as a smaller direct peer to Pesona Metro.

Others

• Sime Darby Property Berhad: Major Malaysian property developer and a documented Pesona Metro customer (RM161.86M contract). Included as an ecosystem counterpart rather than competitor, representing the developer-side demand that feeds Pesona Metro's construction backlog.

Broad incumbents

• UEM Edgenta Berhad: Listed Malaysian infrastructure services group under UEM Group with asset management and infrastructure support across highways and healthcare facilities. Operates as a broader incumbent in infrastructure services adjacent to Pesona Metro's public-sector construction pipeline.
• IJM Corporation Berhad: Major Malaysian conglomerate spanning construction, property, industry, and plantations. Its construction arm delivers high-rise buildings, highways, and bridges — directly mirroring Pesona Metro's core project mix across Malaysia.
• Gamuda Berhad: One of Malaysia's largest infrastructure and property groups, Gamuda executes highways, bridges, urban transit, and property developments through its construction arm, operating at a much larger scale than Pesona but in directly overlapping project types (highways, tunneling, property).

Regional players

• Mah Sing Group Berhad: Malaysian property developer with in-house construction capability, comparable in vertical integration model (developer + contractor) and Malaysian high-rise residential focus to Pesona Metro's Property Development arm.

Emerging players

• HSS Engineers Berhad: Malaysian engineering consultancy providing design and project management services for infrastructure and building projects. Relevant as a peer given Pesona Metro's emphasis on 'total engineering solutions' from conceptual design through handover.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pesona Metro Holdings