The electronics manufacturing services (EMS) sector in Malaysia has seen mixed performance in 2024 despite being part of the broader tech upcycle, with rising costs, inflation, and supply chain disruptions offsetting growth from increased global demand and outsourcing trends. Key EMS Performances Winners : SKP Resources Bhd (+76% YTD) V.S. Industry Bhd (+47% YTD) NationGate Holdings Bhd (+51% YTD) P.I.E. Industrial Bhd (+29% YTD) Strugglers : ATA IMS Bhd (-8% YTD) JHM Consolidation Bhd (-36% YTD) Growth Drivers and Challenges Diversification Opportunities : The China+1 and Taiwan+1 strategies have positioned Malaysian EMS players to gain market share. However, reliance on major customers, such as Dyson, continues to be a concern. Cost Pressures : High inflation and production costs have affected profit margins. Company Highlights SKP Resources : Recorded a 27% y-o-y net profit increase , benefiting from a recovery in consumer demand. V.S. Indust...
KLCC (Holdings) Sdn Bhd (KLCCH), a subsidiary of Petroliam Nasional Bhd (Petronas), announced the acquisition of 486 acres of prime land in Bandar Malaysia. The land, previously a Royal Malaysian Air Force base, is located along Jalan Sungai Besi in Kuala Lumpur.
The sale-and-purchase agreement, signed on October 4, was only disclosed recently. While financial terms were not revealed, reports suggest the transaction could be valued at up to RM12 billion, as mentioned in The Edge Malaysia Weekly.
Development Plans
KLCCH aims to transform the area into:
- An international business hub,
- A liveable and inclusive city for the community.
The development will be carried out over the long term based on commercial viability.
KLCCH, already renowned for managing real estate like the Petronas Twin Towers and other properties in Kuala Lumpur City Centre (KLCC) and Putrajaya, is expected to replicate its expertise in this project.
Termination of Escape Theme Park Project
In a related development, Sim Leisure Group Ltd, the Singapore-listed company that operates theme parks like Escape Penang and KidZania Kuala Lumpur, announced the cancellation of its planned 75-acre Escape theme park in Bandar Malaysia.
The group stated it had received a notice of termination for the project from Bandar Malaysia Sdn Bhd. Sim Leisure is exploring legal options to protect its rights and pursue compensation for the agreement’s premature termination.
Comments
Post a Comment