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MCEHLDG - BETTER FUTURE & GROWTH PROSPECT FOR THIS COMPANY GOING FORWARD

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Publish date: Sun, 13 Dec 2020, 01:25 PM
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BETTER FUTURE & GROWTH PROSPECT FOR THIS

COMPANY GOING FORWARD!!

Hello to all readers out there. Recently, industrial activities have been picking up across the world as COVID19 vaccine sparks economic recovery.

Having said the above, the stock which I'd like to talk about today is 

MCE HOLDINGS BHD(MCEHLDG - Stock Code 7004, Main Market, Industrial Products & Services)

MCEHLDG | MCE HOLDINGS BERHAD

BASIC INFORMATION ABOUT MCEHLDG

Multi-Code Electronics Industries (M) Berhad is engaged in the manufacture and supply of automotive parts and accessories in Malaysia. Its products include remote control auto alarms, central locks, power windows, reverse sensors, switches, stop lamps, and key sets for motor vehicles. The company also produces and supplies metal stamping and plastic injection parts and trades in auto accessories. Multi-Code Electronics Industries (M) Berhad is based in Johor Bahru, Malaysia.
 
Sectors: Auto Parts, Industrial Products & Services
 
Code: 7004

Website: https://multicode.com.my/

Related Links: Bursa | Annual Report | Announcement

 

 

1. POSTED IMPROVED PROFIT FOR QoQ 120.11% & YoY 118.35% FOR QUATER 31 JULY 2020!!!

 

COMING QR IS EXPECTED TO BE RELEASED BY 3RD OR 4TH WEEK OF DECEMBER. I ANTICIPATE A BETTER THAN EXPECTED QR

 

 

2.    CONTRACT WITH PERODUA ANNOUNCED 11 DECEMBER 2020

MCE HOLDINGS BERHAD

 

Type Announcement
Subject OTHERS
Description
NEW CONTRACT SECURED

1. INTRODUCTION

MCE Holdings Berhad (“MCE”) is pleased to announce that its wholly owned subsidiary, Multi-Code Electronics Industries (M) Berhad, had secured contracts to supply various mechanical parts for PERODUA new car models.

(hereinafter referred as the “Projects”).

2. SUMMARY OF THE PROJECTS

The supply of these parts is expected to commence in the 2nd quarter of the financial year ending 31 July 2022 for a duration of 6 years. The Projects are expected to generate total revenue of approximately RM12 million for MCE Group over the 6 year period whilst the estimated total investment cost is RM1.48 million.

 

https://www.klsescreener.com/v2/announcements/view/3276901