MCE Holdings bags RM19.6 mil contract to supply parts for Perodua’s first EV


19 Jul 2024, 07:28 pm


KUALA LUMPUR: Automotive parts manufacturer MCE Holdings Bhd (KL:MCEHLDG) said it has clinched a RM19.6 million contract to supply electronic and mechatronic components for Perusahaan Otomobil Kedua Sdn Bhd's (Perodua) first electric vehicle (EV).

The components include multimedia display unit, instrument panel cluster, advanced driver assistance system, functional switches and interior lightings, said MCE in a bourse filing.

The three-year contract, it said, will commence in the second quarter of the group’s next financial year ending July 31, 2026.

The project is expected to contribute positively to the earnings of the MCE Group over a 36-month period commencing from the financial year ending July 31, 2026, whilst the estimated total investment cost is RM12.78 million.

“MCE is proud to support Perodua in this significant milestone of launching a national EV, and we are grateful to Perodua for their trust and confidence in us,” said MCE group managing director Dr Goh Kar Chun in a statement.

“This achievement is a testament that we can penetrate the EV market, which holds immense potential, and we are optimistic about further opportunities ahead. Moving forward, we will continue to scale the value chain to deliver higher value and technologically sophisticated products to our clients,” he said.

MCE is an original equipment manufacturer specialising in the full spectrum of design, manufacture and supply of automotive electronics and mechatronic parts for the Malaysian and regional markets, with plants in Johor Bahru and Port Klang.

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https://www.thestar.com.my/business/business-news/2024/06/18/pmb-technology-to-raise-output

https://www.thestar.com.my/business/business-news/2024/06/18/pmb-technology-to-raise-output

PMB Technology to raise output

Corporate News

Tuesday, 18 Jun 2024

The group will continue to explore its potential expansion in Sabah despite an earlier decision not to further extend the period of the memorandum of understanding (MoU) that PMB Technology signed with Sabah Oil & Gas Development Corp, which lapsed on March 28, 2024.

Under the MoU, PMB Technology was exploring the potential sub-lease or sale of 200 acres of land at Sipitang Oil and Gas Industrial Park, Sabah, and the development of a new silicon metal production plant there, with sufficient, constant and steady supply of natural gas at acceptable rates to the company.

Its wholly-owned subsidiary PMB Silicon Sdn Bhd undertakes the metallic silicon manufacturing operations.

Global silicon prices, according to PMB Technology, exhibited a steady decline throughout most of 2023 and ended the year down about 23% despite a strong rebound in 4Q23.

Output outside of China fell during the year as several producers curtailed output due to the challenging market conditions.

This reduction in output was, however, insufficient to offset the lacklustre demand outside of China which remained below the level reached in 2018.

And as output in China during the year was stable and adequate to meet demand, the industry was tipped over into an oversupply situation.

In 1Q24, PMB Technology group chief executive officer Koon Poh Ming said the silicon market indices registered a divergence in performance between Asian and western markets.

“Despite a pickup in activity, price levels in China fell during the quarter as supply continued to outstrip demand, prompting destocking efforts across the industry.

“However, market conditions in China are likely to improve going forward as government measures to revive the property sector and bolster the country’s economic recovery should have a positive impact on the industry.

“On the other hand, persistent supply-side constraints caused prices in Europe and the United States to continue to trend upwards from the preceding quarter. Reduced imports and shipping disruptions contributed to the surge in price levels.

“The sustainability of the higher price levels will eventually depend on underlying demand conditions, which displayed signs of improvement in the first quarter, however, lingering concern about inflation and interest rates cloud the outlook for the rest of the year,” he said when commenting on current year prospects when the company released its 1Q24 financial results recently.

Koon said the group continues to place emphasis on further improving its competitiveness in the global market by driving improvement in operational efficiency and cost reduction.

“In particular, our ongoing efforts to improve the mix of our raw material supply, by seeking supply from reliable sources that are within a closer proximity to our production facilities, have begun yielding encouraging results.

“Our persistent focus on strengthening our position in the industry will improve our chances of capturing a greater share of the market opportunities going forward,” added Koon.

KUCHING: PMB Technology Bhd’s metallic silicon plant in Samalaju Industrial Park, Bintulu will raise its annual production by 36,000 tonnes more when its phase three expansion project is operational by September this year.

The furnaces for the phase are currently under testing and commissioning, and are expected to commence production by third quarter 2024 (3Q24).

The related capital expenditure together with the improvement works for the existing facilities, RM320mil, was incurred in financial year 2023 (FY23).

“With both phase one and two up running, the group’s combined annual installed capacity is 108,000 tonnes with a total power of 129MW secured with Syarikat Sesco Bhd,” according to PMB Technology in its 2023 annual report.

PMB Technology is an associate of Press Metal Aluminium Holdings Bhd, which is South-East Asia’s largest integrated aluminum producer having manufacturing facilities in Samalaju Industrial Park and Mukah, Sarawak.

PMB Technology embarked on the phase three expansion project after securing an additional 25MW of electricity from Sesco in October 2022.

The plant’s phase one, which also has an installed production capacity of 36,000 tonnes per annum, started production six years ago. The plant’s capacity was doubled to 72,000 tonnes per annum on commissioning of the phase two in 2020.

As part of the long-awaited tariff update, Biden will increase tariffs this year under Section 301 of the Trade Act of 1974 from 25% to 100% on EVs, bringing total duties to 102.5%, from 7.5% to 25% on lithium-ion EV batteries and other battery parts and from 25% to 50% on photovoltaic cells used to make solar panels. Some critical minerals will have their tariffs raised from nothing to 25%.

Biden sharply hikes US tariffs on an array of Chinese imports
https://www.reuters.com/markets/us/biden-sharply-hikes-us-tariffs-billions-chinese-chips-cars-2024-05-14/

https://klse.i3investor.com/web/blog/detail/PublicInvest/2024-04-08-story-h-184578022-Technical_Buy_LHI_6633

行家建议：

尽管龙合国际的营收符合我们的预期，然而净利却低于预期，分别占我们与市场全年预期的89.1%和91.9%。

尽管面临多重挑战，我们仍对该公司2024财年的前景感乐观，主要支撑因素包括：

1.家禽产品的需求强劲；

2.取消肉鸡的价格管制后，大马业务的赚幅正常化；

3.全球家禽饲料商品价格走软，降低饲料成本。

至于下行风险，则包括：

1.原料成本大幅上涨；

2.不利的监管变化，例如价格管制或扑杀计划；

3.雏鸡（DOC）短缺；

4.疾病爆发。

我们暂时维持今明财年的盈利预测，待分析简报会后再作调整。

综合以上，我们维持“买入”评级，目标价定在83仙，这是根据2024财年每股净利9.9仙、8.4倍本益比计

Chipee @ They are very low morale and low educated

accumulating now

hng33 @ you are RIGHT !!!!!!

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Prospects
We expect the growth trend in electronics manufacturing industry in South East Asia to continue
given in view of the existing trade diversion from China to South East Asia. We also believe that
upgrading enhancing of our service offerings and continued investments in our operations will
enable us to benefit from the current positive outlook of the electronics manufacturing industry in
Southeast Asia, particularly Malaysia, Vietnam and Thailand. Notwithstanding the above, our
Group remains cautious in the near term and will continue to closely monitor the business
environment in view of given the uncertainties plaguing the global economy. The global economic
recovery is progressing at a slow and uneven pace, marked by enduring effects of the inflationary
pressure, geopolitical tensions, and geoeconomic fragmentation. This is indicated by the decrease
in orders from the Group’s customers and the postponement of deliveries by customers.
The Group is expanding its business to include smart warehousing solutions, and it is expected to
launch in year 2024. The Group remains focused to expand its business and market presence in
Malaysia (save for Johor and Melaka), Thailand and Vietnam. Such efforts to support the
expansion plans include the construction of a new integrated plant located at Plot 31, Penang
Science Park North, and the new plant is expected to be operational by 2nd quarter 2025.
As of 31 December 2023, our Group has secured purchase orders totalling RM21.31 million for
our integrated solutions and sale of individual machinery, equipment and tools, which are
expected to be fulfilled by year 2024.

next week wait >0.80

LHI revenue is higher than QL

Great news !!!

hng33 @ good luck

LHI is mother company for teoseng...

pang72 @ hold tight both Teoseng, LHI

LHI TP 0.95

buy LHI now which is Alternative to Teo Seng.

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StartOfTheBull @ Right !!!!!

2024-02-19 LHI TP 0.95

LEONG HUP INTERNATIONAL BERHAD
0.665 0.95 +0.285 (42.86%) BUY AmInvest

accumulating more LHI now....

AMINVEST reiterate our ‘buy’ call on Leong Hup with an unchanged fair value of 95 sen a share, pegged to its financial year 2024 price-earnings multiple of 11 times,” AmBank Research noted.

Leong Hup to gain from higher feedmill capacity

https://www.thestar.com.my/business/business-news/2024/02/20/leong-hup-to-gain-from-higher-feedmill-capacity

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https://pmbtechnology.com/PMBTSilicon.html

https://pmbtechnology.com/PMBTSilicon.html

https://pmbtechnology.com/assets/img/investorRelations/otherDocument/2023/Minutes%20of%2021st%20AGM.pdf

https://pmbtechnology.com/assets/img/investorRelations/otherDocument/2023/Minutes%20of%2021st%20AGM.pdf

108,000 MT Annual Capacity

PMB Silicon is located in Samalaju Industrial Park Sarawak, in an area regulated by the Department of Environment Malaysia. It is built within an area planned for five phases of development and facilitated by two purpose-built ports.

Sarawak is also blessed with high annual rainfall and an abundance of rivers that provide affordable and renewable energy to power our plant. There is also an abundance of high-quality raw materials to ensure our supply chain is never disrupted.

In 2017, we introduced PMB Silicon into our portfolio. Operating from Sarawak, Malaysia, our plant uses renewable energy (hydroelectric) and follows strict industry and sustainable practices in our manufacturing process. The Group’s vision is to become a global player in the production of silicon metal and aluminium fabrication industry.

在未来5到10年内，金属硅市场需求将继续稳步增加。随着汽车在越来越多的地方普及，铝合金行业对金属硅用量将继续增加。此外，化工行业也将成为金属硅需求增加的主要动

“金属硅”（也称工业硅）是20世纪60年代中期出现的一个商品名称，它的出现与半导体行业的兴起有关。国际通用做法是把商品硅分成金属硅和半导体硅。金属硅（Si）是工业提纯的单质硅，主要用于生产有机硅、制取高纯度的半导体材料以及配制有特殊用途的合金等

108,000 MT Annual Capacity

PMB Silicon is located in Samalaju Industrial Park Sarawak, in an area regulated by the Department of Environment Malaysia. It is built within an area planned for five phases of development and facilitated by two purpose-built ports.

Sarawak is also blessed with high annual rainfall and an abundance of rivers that provide affordable and renewable energy to power our plant. There is also an abundance of high-quality raw materials to ensure our supply chain is never disrupted.

In 2017, we introduced PMB Silicon into our portfolio. Operating from Sarawak, Malaysia, our plant uses renewable energy (hydroelectric) and follows strict industry and sustainable practices in our manufacturing process. The Group’s vision is to become a global player in the production of silicon metal and aluminium fabrication industry.

在未来5到10年内，金属硅市场需求将继续稳步增加。随着汽车在越来越多的地方普及，铝合金行业对金属硅用量将继续增加。此外，化工行业也将成为金属硅需求增加的主要动

“金属硅”（也称工业硅）是20世纪60年代中期出现的一个商品名称，它的出现与半导体行业的兴起有关。国际通用做法是把商品硅分成金属硅和半导体硅。金属硅（Si）是工业提纯的单质硅，主要用于生产有机硅、制取高纯度的半导体材料以及配制有特殊用途的合金等

accumulating more

Aaron _tan came here Keh Poh