前景：
由于预测TIV产量仍低于2015年的年度TIV峰值，董事会保持谨慎。汽车市场的情绪相对较弱。

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James Ng

For the current quarter under review, the Group recorded a revenue of RM27.83 million and profit before taxation of RM3.61 million. This is 17.76% lower in revenue and 46.54% lower in profit before taxation compared to the preceding year quarter.

In comparison to the preceding year quarter of revenue recorded of RM33.85 million, they achieved a lower revenue for the current quarter of RM27.83 million mainly due to lower contribution from local OEM segment. This was mainly due to a lower Total Industry Volume (“TIV”) and even lower Production Volume for passenger vehicle compared to preceding year. The situation was further compounded by the end-of-life of a customer’s high volume model before introduction of the replacement model in mid-November. The preceding year quarter’s revenue was also higher due to the sales from a newly launch sedan model from a customer then.

Prospects:
The Board remains cautious as forecasted TIV volumes are still below the annual TIV peak in 2015. The sentiment surrounding the automotive market is relatively weak.

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James Ng