Skip to main content

Featured Post

Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec

Manufacturing Sector Records RM1.89 Trillion Gross Output Value in 2022 — DOSM

The Department of Statistics Malaysia (DOSM) reported that the manufacturing sector's gross output value surged to RM1.89 trillion in 2022, reflecting a 7.5% annual increase since 2015. This significant growth was primarily driven by the petroleum, chemical, rubber, and plastic products sub-sector, which saw an increase from RM299.1 billion in 2015 to RM579.6 billion in 2022.

Key Takeaways:

  1. Overall Growth:

    • Gross output value in the manufacturing sector grew by 7.5% annually to reach RM1.89 trillion in 2022.
    • The petroleum, chemical, rubber, and plastic products sub-sector was a major contributor, growing to RM579.6 billion.
  2. Sub-Sector Performance:

    • The electrical, electronic, and optical products sub-sector saw a 29.6% share, increasing to RM560.7 billion from RM321.18 billion in 2015.
    • These sub-sectors benefited from heightened global demand for medical supplies and electronic devices during the Covid-19 pandemic.
  3. Manufacturing Establishments:

    • The number of manufacturing establishments rose to 54,505 in 2022, up from 49,101 in 2015.
    • These establishments span 254 industries according to the Malaysian Standard Industrial Classification.
  4. Intermediate Input and Value Added:

    • Intermediate input for the sector grew by 7.6% annually to RM1.48 trillion, influenced by higher local producer prices and global increases in crude oil and commodity prices.
    • The value added for the sector grew 7.1% annually to RM414.9 billion, led by the petroleum, chemical, rubber, and plastic products sub-sector (33.2% share).
  5. Wages and Salaries:

    • Salaries and wages in the sector increased by 5.8% annually to RM97.2 billion, with the average monthly salary being RM3,513 in 2022.
    • The highest average salary was in the electrical, electronic, and optical products sub-sector at RM4,361 per month, while the lowest was in the textiles, wearing apparel, and leather products sub-sector at RM2,249 per month.
    • Skilled workers received the highest average salaries at RM8,068 per month.
  6. Agro-Based Products Manufacturing:

    • In 2022, there were 14,323 establishments involved in agro-based products manufacturing.
    • Food-based products accounted for 57.9% (8,296 establishments), while non-food-based products accounted for 42.1% (6,027 establishments).
    • Gross output for non-food-based products was RM267.2 billion, making up 73.4% of the total output for the agriculture-based industry.
  7. State Contributions:

    • Nearly 70% of the manufacturing sector's gross output was from Selangor (27.3%), Johor (16.7%), Pulau Pinang (16.0%), and Sarawak (9.3%).
    • Selangor, Johor, Pulau Pinang, and Sarawak registered annual growth rates higher than the national level, with Pulau Pinang leading at 10.0%.

The report highlights the robust performance of Malaysia's manufacturing sector despite global challenges, with significant contributions from key sub-sectors and regions.

Comments

Popular posts from this blog

INTC Share Watch and News

Stock Info Market Monitor Company Profile Intel Corporation designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also offers system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. It also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and products designed for desktop, server, and workstation platforms; and wired and wireless connectivity products, including network adapters and embedded wireless cards used to translat

3M Raises Profit Forecast After Beating Quarterly Estimates on Electronics Demand

3M Co raised the lower end of its full-year adjusted profit forecast after strong demand for electronics and industrial products helped the company surpass quarterly profit expectations. Shares of 3M were up 4.2% at $140.5 in pre-market trading. An increase in demand for electronics used in vehicles and mobile phones boosted profits for the company, which had previously faced challenges as high inflation led consumers to delay major purchases. The industrial sector is also expected to benefit from the recent US Federal Reserve decision to cut borrowing costs in September, encouraging more consumer spending. 3M has implemented cost-cutting measures, including job reductions and spinning off its healthcare business, to counter the impact of a demand slowdown . Key highlights from the report: Sales in the transportation and electronics segment grew 1.8% year-on-year. Sales in the safety and industrial segment , which produces adhesives for industrial use, increased by 0.5% . 3M&

Key Corporate Updates from Malaysia

Ekovest Bhd : Major shareholder Tan Sri Lim Kang Hoo is considering selling his toll-road business, Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi), for up to RM5 billion. Ekovest owns 60% of Kesturi, with the remainder held by the Employees Provident Fund (EPF). Eco World Development Group Bhd : Through its subsidiary Mutiara Balau Sdn Bhd, EcoWorld is acquiring 847.25 acres in Semenyih, Selangor for RM742.41 million to develop Eco Forest 2, a project with an estimated RM4.6 billion in gross development value. Mah Sing Group Bhd : Mah Sing has purchased 5.24 acres on Old Klang Road for RM113 million to build M Aurora, a transit-oriented development with an estimated RM660 million gross development value, anticipated for launch in early 2025. Pentamaster Corp Bhd : The company’s third-quarter net profit dropped 49.9% to RM11.77 million, impacted by lower sales in its automated test equipment division and foreign exchange losses. Sentral REIT : The REIT saw a 25