EP Manufacturing Bhd (EPMB) has partnered with China-based automobile group BAIC Motor Corp Ltd to develop local production of BAIC-branded vehicles in Malaysia. EPMB signed a memorandum of understanding (MOU) with BAIC’s unit, BAIC International Development Co Ltd, to develop the BJ40P and X55II sport utility vehicles and right hand drive (RHD) electric vehicles to cater to Malaysia and other Southeast Asian RHD markets. BAIC is part of Beijing Automotive Group Co Ltd, a Fortune Global 500 company and one of China’s largest carmakers.
A lot of retail investors always presume any company joint with any China firm sure will enjoy benefit from business expansion but never never check the real story of the China each industry.
I happened to know the shareholder and I disagree that it is all hype. Sure all companies make a song and dance about new ventures, etc. But the company has been in the market for a long time.
"Fantastic"?? EPMB actually made a net loss this quarter. look at the gross profit. totally negative. they sold off their glenmarie property for 13 mil to make it seem like they are making a profit. Lol.
Agreed with you 7773 is profitable company and is EP business subsidy by budget currently run melaka plant with China fortune 500 company leading the EV car business long term will takevover the car market of Malaysia
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
anisbin
650 posts
Posted by anisbin > 2023-08-01 21:56 | Report Abuse
Got exciting news...