PublicInvest Research

Technical Buy - JETSON (9083)

PublicInvest
Publish date: Mon, 01 Nov 2021, 10:12 AM
PublicInvest
0 10,789
An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Description

Founded in 1977 with a differentiated focus of providing exceptional construction services, today's JETSON successfully combines first-rate engineering technology with global capabilities in construction, property development and manufacturing of anti-vibration systems, chemicals and plastic products.

Fundamentals

JETSON's manufacturing division will still be the main driver for the group’s revenue in 2021. The anti-vibration segment which is supplying to the automotive industry should continue to be the main revenue contributor of the manufacturing division. For the local market, JETSON is currently involved in the development of the anti-vibration parts for new car models for Perodua, the anti-vibration parts for new car models for Proton and the localisation of anti-vibration parts for existing Proton models. Meanwhile the division is also expected to further expand its export market with collaborations with existing and new customers (consist of car manufacturers and major OEM automotive parts manufacturers) in Europe, Japan, US, Thailand, Indonesia, India and China.

Source: PublicInvest Research - 1 Nov 2021

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