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HAWK has been setting up new subsidiaries this year, suggesting broader expansion beyond traditional O&G EPCC. Steel Hawk Infrastructure SB and related entities point to infrastructure-adjacent diversification. The MOU with Jovitech Solution signals possible tech-enabled service offerings such as predictive maintenance, IoT monitoring, digital twins for industrial facilities.
if HAWK rerates higher, warrant value compounds the gain. Bonus warrants also tend to attract retail attention and trading volume post-listing, keep monitoring
The mechanical catalyst for HAWK in 2026, plant turnaround activity is forecast to peak at 12 turnarounds, materially higher than 6 in 2025 and projected 6 in 2027. Plant turnarounds = scheduled maintenance windows for refineries, petrochemical plants, gas processing facilities. More turnarounds = more EPCC work for HAWK.
The narrative most people miss is HAWK has been quietly setting up FOUR new subsidiaries this year, hinting at broader expansion plans beyond traditional O&G EPCC.
In the latest annual report, the group says that over the next 3 years they are going to expand their presence in non o&g sectors such as utilities, power and industrial infrastructure
Steel Hawk is one of the underrated O&G stories on Bursa. Their EPCC order book has grown from RM190.8 million to RM232.1 million after securing four new contracts worth RM41.3 million from Ibrahim & Sons Engineering.
Steel Hawk Berhad secured a three-year logistics services contract from PETRONAS Gas Berhad, running until April 9, 2029. The contract has no fixed value due to its call-out nature but is expected to contribute positively to future earnings and strengthen recurring income. Executive director Sharman Kristy Michael said this strengthens its order book and expands its service offerings, while also reinforcing its growing presence within the PETRONAS ecosystem across multiple segments.
