Thousands of new jobs are expected to be created as Geely is targeting to produce 500,000 cars for the South-east Asian market alone by 2020. — Reuters pic
TANJUNG MALIM, July 23 — Tanjung Malim, home of national car maker Proton, is set to become Malaysia’s next boom town, thanks to the recent acquisition of virtually half of its equity by China’s Zhejiang Geely Holdings Group.
Thousands of new jobs are expected to be created with the economic spillover effects transforming the quiet Perak town and beyond as Geely, backed by its world class research and development and design centres, is targeting to produce 500,000 cars for the South-east Asian market alone by 2020.
Malaysia will by then become the right-hand drive production hub for Geely in the Asean region, thus allowing Tanjung Malim to run its maximum capacity, including the assembly of Volvo cars.
Yet another bonus for Proton following its tie-up with Geely that was sealed recently is getting the exclusive rights to Geely’s products and latest technology and access to markets beyond South-east Asia and China, the world’s largest car market with annual sales at a staggering 28 million.
Some 2.1 million cars were sold in Asean countries in 2016, up 85 per cent from 2006.
One man grinning from ear to ear about Tanjung Malim’s prospects in the near future is Mohd Syukri Azaari, the President of the District Council, who said when Proton set up its plant here in 2000, it led to the creation of Proton City and the new 320-hectare campus of Universiti Perguruan Sultan Idris, the university which produces graduate teachers.
Proton is the biggest employer here with over 2,000 jobs, half of them locals and with tremendous impact on Tanjung Malim’s economy.
“This led to the Slim River sub-district to be upgraded to the new Muallim district last year and new municipalities like Bandar Behrang 2020 and Kota Malim Prima,” he told Bernama.
Mohd Syukri was most pleased with the revenue collection of his district council before and in the post-Proton era. In 1999, its collection was a mere RM4 million but so far this alone, it has gone up to RM15 million.
“When we at the council heard about Proton going into strategic partnership with Geely of China, we can already visualise that an economic tsunami will happen in Tanjung Malim,” he added.
On another front, the number of landed property here has doubled to 20,000 after Proton’s existence here.
He expected the Tanjung Malim District Council to earn a revenue of RM20 million in the near future with the population rising to 100,000 once all of Proton’s expansion plans got under way, compared with 70,000 now and 40,000 prior the emergence of the auto industry here.
“It is even possible to upgrade the District Council status to that of a Municipal Council and this will facilitate the government’s plan to create the proposed 1Malaysia Youth City here,” he said. — Bernama
Calvin comments:
Geely being the Star Rising Performing Stock on Hong Kong Bourse saw a 275% rise in its share price to be No. 1 due to its immense profits garnered after its acquisition of Volvo.
So Geely is in Multi year expansion - first JV with Proton in Malaysia. Next on the agenda will be the Transformation of Tg Malim as an export Hub for Cars to ASEAN 10 Nations & more than 100 countries worldwide.
The Influx of Massive Investments & Flood of over 60,000 Proton Staff alone will cause Multi Year Boom emanating from Tg Malim to all its surrounding territories.
Among those that will benefit directly are 250 Proton Vendors that produce all kinds os parts for Proton - ranging from Car Plastic Dashbord, Bumpers & Spoilers, Headlamps, Taillamps, Reverse Sensors, Remote Control Alarms, Selt Belts, ABS Brakes, Brake pads, batteries, wipers, windscreen, side mirror, back mirror, tyres, rims, radio, fabric seats, leather seats, floor mats, and a myriad of other parts.
Many factories are expected to relocate here.
And Companies with Landbanks in or near Tg Malim will also benefit greatly for these reasons
1) More demand for shops, industrial supporting factories, houses, recreations, places of entertainment, restaurants, petrol pump stations, hair saloons & many other businesses that cater to human needs.
2) This will cause a rise of Land Prices & Property prices as a natural consequent.
You don't need rocket science to understand this corelation.
And these are the Stocks to pay attention to
1) DRB - It owns 4,000 Acres in Proton City
2) MAJU PERAK - It owns adjoining lands to Proton City
3) L&G - it owns 2,494 acres of Freehold Lands in Kerling. The Book Value of these Lands are only 44.3 sen psf now.
And this map shows how near it is to Tg Malim
15 min (14.2 km) via Route 1
L&G has also just acquired a whole Township in Serendah at the price of 81 sen psf. It has a total of 167 acres
See
40 min (44.5 km) via Route 1
4) TALAMT - it has Landbanks in Bkt Beruntung & Bkt Sentosa
See
27 min (34.9 km) via Lebuhraya Utara - Selatan/AH2/E1
5) BINA PURI - It owns the Lattar Highway (50%)
41 min (58.1 km) via Lebuhraya Utara - Selatan/AH2/E1
6) BJ CORP - It owns 3,200 Acres Lands in Bandar Bistari Jaya
43 min (51.6 km) via B33 and Lebuhraya Utara - Selatan/AH2/E1
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
Created by calvintaneng | Aug 03, 2024
hi calvin, did you monitor hengyuan? it will be perfect if you have some thoughts on this stock
2017-07-26 11:12
Callmemaybe,
Actually I wanted to buy it below Rm2.00 but it didn't fall that low. And it rebounded so i let it pass.
Always buy low
2017-07-26 12:50
Bro Calvin boss....
Go and invest at Bandar Seri Iskandar/Tronoh property la....
To unintentionally leak out news to you Gomen confirmed to build airport at Bandar Seri Iskandar and also construct e commence hub over there for the Perak State. Slowly gimen administrative division will be opened in that booming town also....
Nobody will tell you becoz all rich men diam diam invest in it this 2 months. I plan to invest at Bandar Seri Iskandar property
2017-07-26 12:54
Yes you guys should invest in what you know best yourselves.
Last time very long ago Calvin and Kl friends bought houses in Tmn Sri Muda, shah alam. Before even there was a car called Proton Saga.
That was in year 1983. And then in year 1985 Proton built its factory in shah alam. And Calvin and Kl buddies saw house prices in tmn sri muda doubled in prices.
So Calvin see the same pattern repeated in Tg Malim.
Instead of buying houses now there is a much easy way to buy company who own lands near Tg Malim.
2017-07-26 15:54
@tronoh, itu near utp oh, kampar got chinese utar also....ic....ok i call on 10 unit first
2017-07-26 15:59
Hi guys
Just stick with
Drb
Mj Perak
TalamT
L&G
Bpuri
Bj Corp
Just these ones you ciak bei leow already!!
2017-07-28 08:33
Opcom?
I just added more. Still buying now if can get cheap.
Opcom will be giving a big angpow soon.
For now Li Shufu of Geely coming in big way. Better buy ahead of others
2017-07-28 09:08
Bj Corp is now a great value buy. It has 3,200 acres freehold lands in batang berjuntai about 45 mins from Tg Malim boom town!
2017-08-02 07:46
I saw adv.in Mudah.Com, houses price for sale in Tg.Malim even now still affordable and reasonable....double storey link rm350-450k
2018-08-01 15:14
calvintaneng
See GEELY Share In Bull Run
https://markets.ft.com/data/equities/tearsheet/summary?s=175:HKG
2017-07-26 02:12