7:56 am: Gold jumps to near 8-year high amid spike in coronavirus cases

MARii is to provide the infrastructure and platform as a service and to promote MCEIB as the preferred vendor for the commercialisation and implementation of such system and technologies to the automotive and non-automotive industries.

MCEIB is to design, develop, manufacture and supply the relevant technologies that are adopted in autonomous driving and other advanced driving capabilities. MCEIB is also required to design and supply functional switches, electronic control modules, digital meter cluster and other components that are electronics and mechatronics in nature.

Better things are coming. The train is now chucking along ...........

The Board of Directors of MCE Holdings Berhad (“MCE” or “the Company”) wishes to announce that its wholly-owned subsidiary, MULTI-CODE TECHNOLOGIES (M) SDN. BHD. Registration No.
201001020083 (903828-P) (“MCT” or “the Borrower”) has on 19 May 2020 accepted the following
Islamic Banking Facilities for aggregate amount of RM9,000,000.00 (“the Facilities”) granted by Affin Islamic Bank Berhad (“the Bank”):

MCE Unit to supply components for new PERODUA car models 5 May 2020
KUALA LUMPUR: MCE Holdings Bhd's wholly owned subsidiary Multi-Code Electronics Industries (M) Bhd has secured contracts to supply electronic and mechatronic components and parts for new Perodua car models.

In a filing with Bursa Malaysia, the group said it will begin supplying the part from the first quarter of its financial year ended July 31, 2020, over a period of six years.

MCE is expected to generate revenue of about RM34mil from the contracts over the six-year period while its estimated investment cost is RM2.2mil.

"The Projects will not have any material impact on the earnings of the MCE Group for the

financial year ending 31 July 2020.

"The Projects are expected to contribute positively to the earnings of the MCE Group over a 6 year period commencing from financial year ending 31 July 2022," it said.

MULTI-CODE
ELECTRONICS INDUSTRIES (M) BERHAD ("MCE") has on 22 April 2020 entered into a
Memorandum of Understanding (“MOU”) with JUOKU TECHNOLOGY CO., LTD. of Taiwan, Republic
of China (“JUOKU”).
a) MCE shall manufacture, assemble, and promote automotive lighting system in the territory
of Malaysia; and
b) JUOKU shall provide technology for product development, technical assistance and
information in order for MCE to manufacture the automotive lighting.

MCE wins RM51mil jobs
AUTO
Friday, 22 Mar 2019

PETALING JAYA: MCE Holdings Bhd’s unit has secured new contracts worth RM51mil to supply electronics and mechatronic components and parts for Proton and Perodua new car models.


Read more at https://www.thestar.com.my/business/business-news/2019/03/22/mce-wins-rm51mil-jobs/#qk0PUOVLCJEOgsC8.99

MCE wins RM51mil jobs
AUTO
Friday, 22 Mar 2019

PETALING JAYA: MCE Holdings Bhd’s unit has secured new contracts worth RM51mil to supply electronics and mechatronic components and parts for Proton and Perodua new car models.


Read more at https://www.thestar.com.my/business/business-news/2019/03/22/mce-wins-rm51mil-jobs/#qk0PUOVLCJEOgsC8.99

MCE teams up with Taiwanese firms to make automotive audio-visual products
Justin Lim
/
theedgemarkets.com

April 16, 2019 19:10 pm +0

KUALA LUMPUR, March 21 — MCE Holdings Bhd (MCE) eyes RM51 million in total revenue from two different contracts to supply various electronics and mechatronic components and parts for Proton and Perodua’s new car models.

13.02.2019- “the Board of Directors of the Company, AIBB wishes to announce that Apex, JF Apex and Mercury Securities had mutually agreed to extend the Due Diligence Period until 18 March 2019.” Don’t feel good.

Buying for expected better result announcement next week?

Bigger things are coming. Geely coming with more new models. MCE is ready. Their hospital project still ongoing but at slower pace. Dr Goh’s interview with BFM this morning - A New Dawn for Malaysia’s Car Industry
https://www.bfm.my/bg-dr-goh-kar-chun-mce-holdings-a-new-dawn-for-malaysias-car-industry

They need to show a good 1/4 this mth end otherwise nobody will play......

Mplus analysts- With the reported earnings coming above our expectations, we raised our net profit forecast by 36.6% and 15.5% to RM19.1 mln and RM22.4 mln for 2018 and 2019 respectively, reflecting the rebound in the ASP of chicken eggs. Consequently, we maintain our BUY recommendation Teo Seng with a higher target price of RM1.05 (from RM0.90). We ascribed a target PER of 14.0x (unchanged) to its revised 2019 EPS of 7.4 sen. The ascribed target PER remains at a 25.0% discount to its peer average of 18.7x, due to its smaller market capitalisation.

Improved egg prices boost Teo Seng's earnings by six times in 3Q.

The Group recorded an improved pre-tax profit of app RM16.5m on the back of higher revenue of RM343.1m for he current period. The pre-tax profit is 273% changes compared to the preceding year corresponding period.

Will Teo Seng be allocated any shares & will they distribute to shareholders as bonus?

We refer to the draft prospectus of Leong Hup International Berhad (“LHI”) in relation to the proposed listing of LHI on the Main Market of Bursa Malaysia Securities Berhad (“Proposed Listing”) which has been exposed for comments by the public commencing from 16 October 2018.

Pursuant to the above, we wish to announce that as we are a 51.16 %-owned subsidiary of Advantage Valuations Sdn Bhd, which in turn is a 51.00%- owned subsidiary of LHI, certain information on the business operations and financials of our group of companies is disclosed in the prospectus exposure in conjunction with the Proposed Listing.

MCE Holdings Bhd will manufacture and sell window regulators to Proton and Geely Motor customers in Malaysia under a technical assistance agreement with China-based Shanghai SIIC Transportation Electric Co Ltd (STEC).
Read more at https://www.thestar.com.my/business/business-news/2018/10/11/mce-shares-fall-in-early-trade/#gF6VHJFIMuz2UFcX.99

MOU with China company to sell their products in Msia.

They just received 1m fr Jade. Another 4m to come.

Same shareholder. Different entity only holding it only.

Looks like purposely suppress the price. SC should investigate.

Company loosing money but directors still taking big pay cheque.

Why Evergreen did not continue with the MOU? Tanco did not give reason nor announce any future plan. Irresponsible directors. Or inexperience?

SC tidurke? JAG, Apex sama je?

Another shitty quarter.

Apex said it will pay RM22mil cash to Mercury Securities three days after the deal becomes unconditional. It will issue 100 million new shares at 92 sen each to Mercury Securities and pay the remaining RM26mil in cash to complete the deal.

To raise cash for the acquisition, Apex said it plans to place out 20 million new shares at a price to be determined at a later date. Mercury Securities will end up with a 31% stake in the enlarged Apex Equity group.


Read more at https://www.thestar.com.my/business/business-news/2018/09/21/apex-equity-to-merge-with-mercury-securities/#2FpuHfOBll1kjoii.99

SCICOM - Notice of Book Closure

SCICOM (MSC) BERHAD

Tax exempt interim dividend of RM0.03 per ordinary share in respect of the financial year ended 30 June 2018.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 7 Sep 2018
2) The last date of lodgment : 13 Sep 2018
3) Date Payable : 28 Sep 2018

EO SENG CAPITAL BERHAD

Single-Tier Interim Dividend of RM0.005 per ordinary share in respect of financial year ending 31 December 2018

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 18 Sep 2018
2) The last date of lodgment : 20 Sep 2018
3) Date Payable : 28 Sep 2018

Mdm See just bought back 24,215,000 shares.

No date yet.

The Board of Directors of Teo Seng Capital Berhad ("the Company") is pleased to declare a single-tier interim dividend of RM0.005 per ordinary share for the financial year ending 31 December 2018.

Their q report is coming out soon. Must b quite bad.

Sometimes u r right & sometimes u learn. No one is certain unless u have inside info & that would b insiders trading which u may go to jail. Both JJChan & Targetinvest is right in their analysis even those stock analysts also harping on d same after d event however the market’s reaction is somehow anticlimax. Nevertheless, I believe many of us here still believe it’s a good long term company. Don’t fight nor mock each other otherwise they & others wouldn’t want to share their anallyst. Instead, be grateful that we have people like them & of course you (rogers123) who is willing to do d thinking & all those analysis. For all your hard work, Targetinvest, JJChan & Rogers123, I say a big THANK YOU. At least I took a calculated risk based on d information all of u shared. Let’s be nice & kind to each other so that we can help enrich each other. Tq.