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Bursa Master

Author: BURSAMASTER   |   Latest post: Wed, 30 Jun 2021, 10:13 PM

 

MCEHLDG - BETTER FUTURE & GROWTH PROSPECT FOR THIS COMPANY GOING FORWARD

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BETTER FUTURE & GROWTH PROSPECT FOR THIS

COMPANY GOING FORWARD!!

Hello to all readers out there. Recently, industrial activities have been picking up across the world as COVID19 vaccine sparks economic recovery.

Having said the above, the stock which I'd like to talk about today is 

MCE HOLDINGS BHD(MCEHLDG - Stock Code 7004, Main Market, Industrial Products & Services)

MCEHLDG | MCE HOLDINGS BERHAD

BASIC INFORMATION ABOUT MCEHLDG

Multi-Code Electronics Industries (M) Berhad is engaged in the manufacture and supply of automotive parts and accessories in Malaysia. Its products include remote control auto alarms, central locks, power windows, reverse sensors, switches, stop lamps, and key sets for motor vehicles. The company also produces and supplies metal stamping and plastic injection parts and trades in auto accessories. Multi-Code Electronics Industries (M) Berhad is based in Johor Bahru, Malaysia.
 
Sectors: Auto Parts, Industrial Products & Services
 
Code: 7004

Website: https://multicode.com.my/

Related Links: Bursa | Annual Report | Announcement

 

 

1. POSTED IMPROVED PROFIT FOR QoQ 120.11% & YoY 118.35% FOR QUATER 31 JULY 2020!!!

 

COMING QR IS EXPECTED TO BE RELEASED BY 3RD OR 4TH WEEK OF DECEMBER. I ANTICIPATE A BETTER THAN EXPECTED QR

 

 

2.    CONTRACT WITH PERODUA ANNOUNCED 11 DECEMBER 2020

MCE HOLDINGS BERHAD

 

Type Announcement
Subject OTHERS
Description
NEW CONTRACT SECURED

1. INTRODUCTION

MCE Holdings Berhad (“MCE”) is pleased to announce that its wholly owned subsidiary, Multi-Code Electronics Industries (M) Berhad, had secured contracts to supply various mechanical parts for PERODUA new car models.

(hereinafter referred as the “Projects”).

2. SUMMARY OF THE PROJECTS

The supply of these parts is expected to commence in the 2nd quarter of the financial year ending 31 July 2022 for a duration of 6 years. The Projects are expected to generate total revenue of approximately RM12 million for MCE Group over the 6 year period whilst the estimated total investment cost is RM1.48 million.

 

https://www.klsescreener.com/v2/announcements/view/3276901

 

 

 

RESEARCH & DEVELOPMENT

Vehicle technology has evolved tremendously over the past few decades, Research and Development plays a crucial role of business success in today’s competitive automotive industry, this is especially vital for SME such as MCE in the local Malaysia automotive industrial context, and it is considered as a competitive advantage over many local automotive suppliers without design capability. In contrast with many other local Malaysian automotive component suppliers who rely upon customers for their sources of design, MCE tends to rely more heavily on internal R&D for innovative design.

Multi-Code R&D department was setup in 1990 since the company was founded. Today MCE R&D consists of several sub sections namely Mechanical Design, Electronic Design, Project Management/Warranty Analysis, Testing, Document & Change Management. As a leading local automotive component supplier, our 30 over R&D staffs are tasked to create new product that meet todays’ customer requirements and research on new technologies to fuel future product developments.

 

R&D Capability

Using 3D software to create product design and advanced simulation software to optimize manufacturing and assembly virtually; in transforming virtual design to physical creation before mass production, we apply the latest additive manufacturing (3D printing) technology in prototyping to best validate manufacturing feasibility with greater precision.

 

 

CONCLUSION

Considering all the above, I opine that current price for MCEHLDG is attractive due to below:

i) SMALL MARKET FLOAT. NUMBER OF SHARES ISSUED VERY SMALL - ONLY 79 MILLION MAKING IT A LIGHT COUNTER

ii) NTA BACKING of 1.735; YoY PROFIT GROWTH; LATEST QR PROFIT IS 2 YEARS HIGH

iii) FUTURE GROWTH POTENTIAL SEEMS GOOD GOING FORWARD

iv) MORE CONTRACTS IS EXPECTED TO BE SECURED FROM THE AUTO SECTOR GOING FORWARD

V) ANTICIPATE BETTER THAN EXPECTER QR TO BE RELEASED THIS MONTH

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

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Labels: MCEHLDG

Related Stocks

Chart Stock Name Last Change Volume 
MCEHLDG 1.30 -0.03 (2.26%) 62,800 

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