AmInvestment Initiates Buy Call on SSB8 with 39% Upside, Riding on Data Centre Tailwinds

StockTipRatings · November 19, 2025

AmInvestment Bank analyst Aimi Nasuha Md Nazri has initiated coverage on Southern Score Builders with a Buy call and a target price of RM0.80, implying a 39% potential upside. She highlights that the company stands out as a high-margin turnkey transitioning to mechanical & electrical contractor to hyperscale data centre (DC) projects via its 51% subsidiary SJEE. This segment is expected to contribute 20% of PATMI and grow at approximately 15–20% per annum.

​

​Aimi Nasuha Md Nazri, an analyst who mainly covers the construction sector on StockTipRatings.com (based on data since 2023), has an average return of 8% and a success rate of 50% across the stocks she covered over a 1-month period. Her recent initiation coverage on Hi Mobility has seen the stock rise as high as 11% since it was published on November 5.

​

In its construction business, the company is recognized as the “go-to contractor” for Gan family-linked Radium and Platinum Victory (PV), providing a visible pipeline of related-party projects that supports a stable workflow and maintains margins well above peers. The company has consistently delivered operating and net margins of approximately 30% and 16%, nearly three times the sector average.

​

As of 12:45 p.m. on November 19, Southern Score Builders' share price dropped 0.9% to RM0.57.

​