"The group will continue to remain focused in our core business of design, manufacture and sale of home furniture products and continue to drive more research and development activities in enhancing our products to better suit the needs of our customers. The group will continue with their business plans and strive to develop new products, new designs in order to derive better cost efficiencies and effective cost management across all functions," said Ecomate.
In the shorter term, it said it may be able to benefit from the current uptrend of the US dollar as increased exports will boost the country's gross domestic product growth.
"The group will be taking steps to maintain sufficient liquidity to enable it to meet its liabilities as and when they fall due," it added.
Ecomate, which was listed on Bursa's ACE Market in November last year, settled unchanged at 80.5 sen on Wednesday, up 144% from its initial public offering price of 33 sen.
At 80.5 sen, Ecomate has a market capitalisation of RM280.03 million. Since the beginning of this year, the counter has risen 61%
Listen to the recent session of Jason Koh Jian Hui (Managing Director) and Yau Chwan Shy (Chief Financial Officer) of Ecomate Holdings Berhad. The Muar-based company is listed on Bursa's ACE Market and is one of Malaysia's ready-to-assemble furniture players and exporters.
Click to listen to excerpts of the interview in our latest Investor Education Shorts episode. Click to listen to excerpts of the interview in our latest Investor Education Shorts episode.
Listen to the recent session (Part 2) of Jason Koh Jian Hui (Managing Director) and Yau Chwan Shy (Chief Financial Officer) of Ecomate Holdings Berhad. The Muar-based company is listed on Bursa's ACE Market and is one of Malaysia's ready-to-assemble furniture players and exporters.
Click to listen to excerpts of the interview in our latest Investor Education Shorts episode. Click to listen to excerpts of the interview in our latest Investor Education Shorts episode.
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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....
masterus
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Posted by masterus > 2022-07-16 15:26 | Report Abuse
"The strengthening of the US dollar will help to boost our profit margin.