Industry News


06 August 2018 - Auto sector prospects seen to hinge on NAP
  1. More We recently hosted an Auto Day with the participation of the Malaysia Automotive Institute (MAI), an agency under the international trade and industry ministry, the Malaysian Automotive Association (MAA) and four auto players, namely Sime Darby Bhd, UMW Holdings Bhd, Bermaz Auto Bhd (BAuto) and Pecca Group Bhd. Fifty local institutional investors attended our event. We note that interest towards the sector remains positive but prospects hinge on the development of the 2018 review of the National Automotive Policy (NAP). Our sector “buy” recommendations remain for BAuto, Sime Darby, MBM Resources Bhd and Pecca
06 August 2018 - MBM to boost local investments
  1. More Mercedes-Benz to beef up leadership presence in luxury vehicle segment
04 August 2018 - MSC sees Pulau Indah smelting plant as game changer
  1. More Malaysia Smelting Corp Bhd (MSC) is making a strategic bet on its new international smelting plant in Pulau Indah near Klang, Selangor
04 August 2018 - E&E products drive up June exports by 7.6%
  1. More Exports expanded by 7.6% year-on-year (y-o-y) to RM78.66bil in June, extending its growth for four consecutive months, driven by electrical and electronic (E&E) products, while China continuing to be a strong market
01 August 2018 - Sarawak makes ruling on timber licences
  1. More Move in line with state forest policy reform
01 August 2018 - Lotte Chemical profit soars
  1. More Earnings boosted mainly by higher sales and lower production cost
01 August 2018 - Globetronics quarterly net profit rises 32%
  1. More Company attributes fine results to mass production of new products
01 August 2018 - Petronas launches VDPx scheme to boost local O&G companies
  1. More Petronas launched VDPx, a scheme under its Vendor Development Programme (VDP) to be implemented in collaboration with major industry players in the country
31 July 2018 - Dr Mahathir: Government to review automotive policy
  1. More This is to ensure Proton remains competitive in local market, says PM
30 July 2018 - Chin Well increases industrial fastener production
  1. More ​Chin Well Holdings Bhd is increasing its production capacity to meet worldwide industrial fastener demand which is projected to hit US $116.5bil by 2022, growing at a 5.4% compounded annual growth rate (CAGR
30 July 2018 - Nestle to launch Milo product with 25pc less sugar
  1. More Development started last year and before the 'healthy product' controversy, says exec
26 July 2018 - Datasonic to expand aggressively
  1. More Company to be more selective with tenders and pick good local partners
25 July 2018 - MTDC to continue investing in successful Bioalpha
  1. More Malaysia Technology Development Corp (MTDC) will continue to invest in health supplement manufacturer Bioalpha Holdings Bhd as the company has successfully penetrated local and Asian markets
24 July 2018 - Airbus final assembly line in Labu?
  1. More Aircraft manufacturer agree to conduct project feasibility study within 18 months
23 July 2018 - Time to implement Malaysia's biodiesel mandate
  1. More It is timely to re-activate the country’s stalled B10 biodiesel mandate, given the widening spread between crude palm oil (CPO) prices and the Brent crude oil and gas prices, according to industry observers
23 July 2018 - Furniture and glove makers winners in US-China trade war
  1. More Malaysian’s furniture, wood-based panel and glove makers are the potential winners if the 10% import tariff on more than 5,000 new Chinese imports is set in motion in the US-China trade friction
23 July 2018 - Dutch Lady eyes bigger mart share
  1. More Continuous innovation in product offerings to help strengthen presence in Malaysia, says MD
22 July 2018 - Bioalpha eyes to produce 2,000 tonnes of herbs from new herbal park in Terengganu
  1. More Health supplement and beauty products manufacturer Bioalpha Holdings Bhd targets to produce 2,000 tonnes of herbs from its new Pasir Raja Herbal Park, a Herbal Integrated Cluster Development (HICD) project, located here in Terengganu, by 2020
21 July 2018 - Nova Wellness targets S-E Asia mart
  1. More Pharmaceutical company Nova Wellness Group Bhd, which debuted on Bursa Malaysoa's ACE Market yesterday, plans to expand its business in Southeast Asia, particularly Indonesia and Thailand
20 July 2018 - Malaysia still pushing to be S-E Asia hub
  1. More The smooth transition in the change of government and stable economic and political landscape have ensured investors' continued confidence in Malaysia as the country looks to accelerate its push as a hub for the aerospace industry in Southeast Asia
20 July 2018 - 'F&B manufacturers embracing digital tech'
  1. More The future of Malaysia's food and beverage (F&B) industry remains resilient to external adversities and is recession proof as manufacturers increasingly adopt digital technologies
19 July 2018 - Malaysia sees sustaining machinery and equipment export growth of 7%
  1. More Malaysia is expected to sustain its machinery and equipment (M&E) export growth this year at last year’s level of around 7%
19 July 2018 - Brahim’s to enter Indonesia, Thailand markets next year
  1. More Dewina Holdings Sdn Bhd, which produces the Brahim’s brand food products, is targeting to enter Indonesia and Thailand markets in one year’s time
19 July 2018 - MIDA urges local firms to seize opportunities in F&B industry
  1. More Local companies are being urged to seize the huge growing opportunities in the food and beverage (F&B) industry, especially for food ingredients such as customised formulations required by food manufacturers, functional ingredients, natural food additives and flavours
18 July 2018 - KPS unit buys Penang land to build EMS factory
  1. More Kumpulan Perangsang Selangor Bhd's (KPS) indirect wholly-owned subsidiary CPI (Penang) Sdn Bhd is buying a 4.5-acre (1.82ha) piece of land at Bayan Lepas Industrial Park in Penang for RM27.7 million, which will be developed into an electronic manufacturing services (EMS) factory
18 July 2018 - Malaysia automotive TIV rose 1.8% in the first half of 2018
  1. More Total Industry Volume (TIV) of new motor vehicles for January-June 2018 rose 1.8% to 298,714 units, from the 284,453 units recorded in the same period last year, said the Malaysian Automotive Association (MAA)
16 July 2018 - PIE triples capital expenditure
  1. More This comes as the company prepares to bid for more contracts
16 July 2018 - Drop in resin prices set to benefit SLP Resources this year
  1. More The drop in resin prices will help SLP Resources Bhd grow its gross margins and profits in 2018 with a double-digit percentage improvement over 2017
16 July 2018 - A different kind of bag
  1. More Plastic bag manufacturer enters new phase of business with compostable bags
14 July 2018 - Proton aims to be No. 1 again
  1. More A complete mindset change must precede Perusahaan Otomobil Nasional Bhd’s (Proton) plans to recover lost ground in Malaysia
14 July 2018 - Aerospace revenue to soar to RM55.2b
  1. More MIDA, MAHB also working to attract more FDIs to growth areas such KLIA Aeropolis, Subang Airport
13 July 2018 - Proton back in Mideast
  1. More National carmaker has resumed exports to the region
13 July 2018 - Local rubber glove makers may gain from US-China trade war
  1. More Malaysian rubber glove manufacturers could benefit from the trade spat between the United States and China as a tariff is being imposed on rubber/plastic gloves from China
13 July 2018 - MIDA foresees Malaysian aerospace industry to generate RM55b by 2030
  1. More The Malaysian Investment Development Authority (Mida) expects the Malaysian aerospace industry to generate a revenue of RM55.2 billion by 2030
13 July 2018 - Industrial production index rises 3pc in May
  1. More Malaysia's industrial production index rose three percent in May from a year earlier, supported by gains in the manufacturing and electricity generation sectors, government data showed
12 July 2018 - Proton eyeing turnaround by 2020
  1. More It doesn’t see Perodua as a competitor moving forward, but Honda
12 July 2018 - M&E sector to rebound by year end
  1. More Current bearish sentiment will improve as 'property projects still require elevators', says Glarie chairman
11 July 2018 - Proton projects return to profitability by 2020
  1. More Loss-making Proton Holdings Bhd aims to return to the black by 2020, on the back of new model launches and improved after sales services, as well as better built cars, as it moves towards more stringent product quality benchmarks to ensure its vehicles are on par with global standards
11 July 2018 - Outlook for wood-based manufacturing stays challenging in 2H18, says HLIB Research
  1. More Hong Leong IB Research has maintained its “Neutral” rating on the wood-based manufacturing sector and said that moving into 2H18, it believes that the sector will remain unfavourable as we opine that weaker ringgit alone is insufficient to mitigate the negative factors of (i) potential minimum wage hike and (ii) high rubber log wood prices
11 July 2018 - Medical devices to drive growth at BCM Alliances
  1. More Liaw: I believe this year, we will still be profitable
11 July 2018 - Talk on Asean car plan to continue
  1. More DRB-Hicom says discussions on matter will help iron out details
10 July 2018 - Outlook for technology sector seems promising
  1. More The outlook of Malaysia’s technology sector seems promising in the second half of 2018 (2H18), with the local semiconductor companies expected to deliver stronger earnings
10 July 2018 - Proton to proceed with plans to jointly develop Indonesian national car
  1. More Proton Holdings Bhd will proceed with its plan to create an Indonesian national car and subsequently explore the idea of creating an Asean regional car, in collaboration with PT Adiperkasa Citra Lestari, said its chairman Datuk Seri Syed Faisal Albar
10 July 2018 - Higher IBS uptake vital to boost construction industry
  1. More The adoption of the Industrialised Building System (IBS) in the Malaysian construction sector over the years has been slower than expected, much to the dismay of Master Builders Association Malaysia (MBAM)
09 July 2018 - Eonmetall plans to invest RM100mil in steel racking and M&E ops
  1. More Eonmetall Group Bhd is investing more than RM100mil this year and 2019 in its steel racking and machinery and equipment (M&E) business
09 July 2018 - Astino’s RM60mil plant to be ready by end-2018
  1. More Astino Bhd’s new RM60mil plant, its eighth in the country, will be ready by end-2018 so that it can tap into the growing market for construction materials in 2019
09 July 2018 - Global EV sales to hit 3m by 2021
  1. More Sales of electric vehicles (EV) are expected to breach three million units globally by 2021, from a record 700,000 units in 2016
07 July 2018 - Proton sales surge by 50pc to 6,173 units in June
  1. More Proton Holdings Bhd recorded a 50 per cent month-on-month growth in sales, equivalent to 6,173 units, last month thanks to zero rated Goods and Services Tax (GST), coupled with its "Duit Raya" promotion
05 July 2018 - Osram to embark on high-end LED technology in Malaysia
  1. More Light-emitting diode (LED) chip company Osram Opto Semiconductors (M) Sdn Bhd is looking to embark on advanced lighting technology in Malaysia, particularly for automotive applications as it sees huge growth potential in the market
04 July 2018 - Lion Industries to expand flat steel business via takeovers
  1. More Lion Industries Corp Bhd has proposed to expand into the flat steel business through the proposed acquisition of flat steel assets with a production capacity of 3.2 million tonnes per annum of hot rolled coils and 0.7 million tonnes per annum of cold rolled coils
03 July 2018 - UMW forms joint venture with Komatsu for heavy equipment business
  1. More UMW Holdings Bhd is forming a strategic partnership via a joint venture (JV) with Komatsu Ltd of Japan for latter's heavy equipment business
02 July 2018 - Guan Chong expansion back in full swing
  1. More Tay: While it is important for us to be here, as Asia is growing, we definitely have to venture outside the region too
27 June 2018 - MSM eyes Africa and China as new export markets
  1. More MSM Malaysia Holdings Bhd (MSM), the country's leading refined sugar producer, is now looking to penetrate the African and Chinese markets to make full use of the new production capacity that will come on stream once its new sugar refinery in Tanjung Langsat, Johor, commences operations next month
26 June 2018 - Euro Holdings sees pick-up in sales
  1. More Firm expects higher contribution from local market due to zero-rated GST
25 June 2018 - Pushing nanotechnology products to the fore
  1. More As a growing number of producers look towards nanotechnology to enhance their products, there is a need to safeguard consumers and ensure the quality of such products, says Nanoverify Sdn Bhd managing director Johan Iskandar Hasan
25 June 2018 - PIE embarks on biggest expansion plan
  1. More PIE Industrial Bhd is embarking on its biggest expansion exercise ever.
25 June 2018 - Pertama eyes full capacity in October for smelting plant
  1. More Company misses June deadline due to technicalities
25 June 2018 - New growth area for chipmaker
  1. More Manufacturer looks at new products to stay competitive as new players start crowding out the industry
25 June 2018 - Dr M to bring in Chinese car parts makers to improve local talent
  1. More Tun Dr Mahathir Mohamad wants to rope in car parts manufacturers from China to join hands with local manufacturers, in order to help improve Malaysians’ manufacturing capabilities
25 June 2018 - D&O to tap into Japan’s LED component markets
  1. More D&O Green Technologies Bhd is spreading its wings into Japan, as it seeks to increase its market share in the country’s light-emitting diode component markets
20 June 2018 - Press Metal optimistic of further growth
  1. More Press Metal Aluminium Holdings Bhd is optimistic of further growth, following a satisfactory set of results and achievements for the financial year ended December 31, 2017 (FY17)
20 June 2018 - Lay Hong allocates RM39mil capex
  1. More Livestock farming firm plans to increase broiler production capacity
19 June 2018 - Scientillence eyes IPO to fund expansion
  1. More Scientillence Sdn Bhd which is Malaysia’s sole manufacturer of dialyzers or kidney filters wants to go public after it says demand for the products it makes is fast outstripping supply
18 June 2018 - 'Focus on new tech for electric cars'
  1. More Proton needs to adapt latest industry trend, says economist
18 June 2018 - Pentamaster locks in RM314mil worth of orders
  1. More This shows that our group is not dependent only on the smart device sector
14 June 2018 - Supermax the first Malaysian firm to get licence to export lenses to Japan
  1. More Supermax Corp Bhd has been granted a product licence to export the first Malaysian brand of contact lenses to Japan
12 June 2018 - Gamuda IBS optimises efficiency
  1. More In any development nation, one of the key mandates of the government is to ensure an efficient supply of affordable homes for its people. It is no different in Malaysia, where affordable housing has always been a key agenda to ensure the prosperity and upward mobility of Malaysians
11 June 2018 - SMEs plan to go hi-tech
  1. More Businesses invest in technology amid disruption and government support
11 June 2018 - Coca-Cola to invest more in Malaysia
  1. More Coca-Cola Bottlers Malaysia, which has made an accumulative investment of RM1.5bil, is not ruling out further significant investments in the country in a move by the international bottler to strengthen its market presence
11 June 2018 - Nestle spends RM13m on green initiatives
  1. More Investment in line with group's push to have operations with zero environmental impact by 2030
09 June 2018 - Dialog acquires last 20% stakes in Langsat terminals
  1. More Dialog Group Bhd’s unit is acquiring the remaining 20% interests in Langsat Terminal (One) Sdn Bhd and Langsat Terminal (Two) Sdn Bhd from Puma Energy Asia Pacific BV for a total of RM62.6mil
08 June 2018 - Hartalega launches antimicrobial glove
  1. More Hartalega Holdings Bhd has launched the world’s first non-leaching antimicrobial glove with built-in antimicrobial technology that is proven to kill micro-organisms and prevent the spread of infections
08 June 2018 - Hartalega launches anti-microbial gloves in U.K.
  1. More Company has invested more than US$10m in development of 'game-changer'
06 June 2018 - Manufacturing sector may improve in third quarter
  1. More It’ll be driven by improving business confidence, trade conditions
06 June 2018 - BioAlpha upbeat on health supplement sector
  1. More BioAlpha Holdings Bhd is well-positioned to benefit from the growing health supplement industries in Malaysia, Indonesia and China as they are its key operating markets, said chairman Tan Sri Abdul Rahman Mamat
05 June 2018 - Malaysian Firms Gain RM289.1Million Potential Sales at SEMICON
  1. More Malaysian companies reaped potential export sales of US$72.78 million (RM289.1 million) by participating in the International Sourcing Programme (INSP) at the SEMICON South East Asia Exhibition 2018, from May 8-10
04 June 2018 - Tatt Giap plans RM140mil project
  1. More Company to turn 12 acres in Sungai Bakap into industrial park
04 June 2018 - Malaysian Innovation On Global Map
  1. More Mi Equipment riding high on advanced level semiconductor packaging
04 June 2018 - CCM sees robust growth next year
  1. More Chemical firm expects revenue to be 10% and 20% up in 2018 and 2019
02 June 2018 - Modenas to capture pole position via tie-up with India's Bajaj
  1. More Modenas is set to recapture pole position in the local motorcycle market and expand its ASEAN footprint following its strategic tie-up with renowned Indian company Bajaj Auto Ltd
02 June 2018 - Zero-rated GST will drive automotive sector, says New Hoong Fatt MD
  1. More Automotive parts manufacturer New Hoong Fatt Holdings Bhd expects the local automotive sector to perform better in the second half of this year, following the implementation of the zero-rated goods and services tax (GST)
02 June 2018 - CCMB plans to double profit over next three years
  1. More Chemical Company of Malaysia Bhd (CCMB) plans to grow its revenue by at least 30% and double its profit over the next three years
01 June 2018 - DRB-Hicom profitable again
  1. More Turnover rises 6pc to RM12.79b on higher revenue from services, property segments
31 May 2018 - Higher oil prices boost Petronas
  1. More 26pc increase to RM13b in Q1
31 May 2018 - GCB plans RM70m cocoa plant expansion
  1. More Guan Chong Bhd (GCB) plans to invest RM70 million in capital expenditure to expand its total annual cocoa grinding capacity
30 May 2018 - Mi Equipment Positioned For Bigger Growth
  1. More Post-IPO, we will be more prepared for a wider product range that will enable us to reach out to different applications and sectors, and hence, capture more market share
30 May 2018 - CCK plans more broiler farms in Sabah, Sarawak
  1. More Group will also have new production line in Indonesia for nuggets
30 May 2018 - D&Y Textile plans to invest RM600,000 in third phase
  1. More China based D&Y Textile (Malaysia), also known as Daiyin Group, is set to invest about RM600,000 in the third phase of its facility in Sedenak Industrial Park
30 May 2018 - Netherlands offers trade opportunities for Malaysian timber manufacturers
  1. More The booming economy and rising demand for certified timber products in the Netherlands have enhanced trade opportunities for Malaysian timber manufacturers, said the Malaysian Timber Council (MTC)
29 May 2018 - FGV breaks even in quarter one
  1. More Improvement from sugar, logistics divisions offsets weaker CPO prices
29 May 2018 - Mi Equipment plans to raise RM190.89 million via IPO
  1. More Mi Equipment Holdings Bhd, a wafer-level chip-scale packaging manufacturer, aims to raise RM190.89 million from its initial public offering (IPO) exercise, says group chief executive officer and executive director Oh Kuang Eng
28 May 2018 - Wah Seong aims big in pipe-coating industry
  1. More Group wants to be top global player, with US$400mil revenue
28 May 2018 - Ta Ann expands plantation log harvest for plywood
  1. More Ta Ann Holdings Bhd is increasing the harvest of plantation logs for supply to its plywood mill, which has been hit by shortage of logs from natural forests
28 May 2018 - LSK aims to double sales by 2020 with MFO in its stable
  1. More Latex bedding producer eyes RM150mil revenue in two years
28 May 2018 - DBE Gurney plans to have new core business
  1. More Integrated poultry firm expects QSR to contribute significantly
26 May 2018 - UMW: Worst is over
  1. More Conglomerate’s outlook improving as it exits oil and gas
25 May 2018 - Vitrox expects 2018 to be another growth year
  1. More Vitrox Corp Bhd, which expects 2018 to be another growth year for the company, is extending its reach in emerging markets like India, China, Mexico and South-East Asia
25 May 2018 - Hengyuan to allocate RM700mil capex
  1. More Regional oil refining company Hengyuan Refining Company Bhd has allocated RM700mil in capital expenditure (capex) over the next one to two years to finance two cornerstone projects, said chairman Wang You De
24 May 2018 - Perodua sells 17pc more cars
  1. More Carmaker confident of achieving full-year 208,000 unit target, retaining No.1 spot
24 May 2018 - MIDF: UMW posts strong growth despite weaker sales volume
  1. More UMW Holdings Bhd's automotive division posted a strong 45 per cent year-on-year earnings growth in the first quarter enden March 30, said MIDF


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Last Updated : Wednesday 15th August 2018