AmInvestment Research said in a report that the automotive sector’s total industry volume (TIV) is forecast to grow 12% year-on-year to 560,000 units in 2021, premised on projected economic growth of 6.5% to 7% in 2021.
PETALING JAYA: New vehicle sales are expected to pick up significantly next year due to economic recovery post-pandemic, improved consumer spending and new car model launches, according to research analysts.....for more Click the Link below.
3. KUALA LUMPUR (Dec 3): CGS-CIMB Securities Sdn Bhd has retained its "add" call on DRB-Hicom Bhd with an unchanged sum-of-parts-based target price (TP) of RM2.35.
2. No of Shares issued : 48 million. One of the smallest in the whole BURSA MALAYSIA making it a "LIGHT" counter which can easily be manipulated.
3. 52-week High : 1.88 in early NOVEMBER 2020
4. YoY profit growth
Latest QR profit is two year high.
About MCEHLDG
The Group is mainly engaged in the manufacture, assembly and trading of automotive accessories. The Group's leading products include anti-theft and remote keyless entry systems; parking, anti-hijack, microwave motion and power window anti-pinch sensors; power window regulator systems of scissor, cable, single arm and double-rail types; power window, instrumental panel and other functional switches; motor-driven door and trunk lid actuators; ignition key set systems, and automotive lightings, among others.
http://www.multicode.com.my/
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.
LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.
Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.
