Press Releases – 麻豆传媒 Berhad The Complete Automotive Group Fri, 07 Jun 2024 03:30:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.8 /wp-content/uploads/2021/05/cropped-favicon-01-32x32.png Press Releases – 麻豆传媒 Berhad 32 32 麻豆传媒 delivers promising results for Q1 2024; embarks on a new automobile dealership /mbm-resources-delivers-promising-results-for-q1-2024-embarks-on-a-new-automobile-dealership/ Fri, 07 Jun 2024 03:21:45 +0000 /?p=4181 麻豆传媒 delivers promising results for Q1 2024; embarks on a new automobile dealership MEDIA STATEMENT Kuala Lumpur, 27th May 2024 – 麻豆传媒 Berhad (鈥溌槎勾解), today reported its financial results for the first quarter ending 31st March 2024. First Quarter 2024 Highlights: Total vehicle sales of 8,061 units, up 30% year-over-year Total manufacturing […]

The post 麻豆传媒 delivers promising results for Q1 2024; embarks on a new automobile dealership appeared first on 麻豆传媒 Berhad.

]]>

麻豆传媒 delivers promising results for Q1 2024; embarks on a new automobile dealership

MEDIA STATEMENT

Kuala Lumpur, 27th May 2024 麻豆传媒 Berhad (鈥麻豆传媒鈥), today reported its financial results for the first quarter ending 31st March 2024.

First Quarter 2024 Highlights:

  • Total vehicle sales of 8,061 units, up 30% year-over-year
  • Total manufacturing throughput of 2,47 million units, up 10% year-over-year
  • Revenue of RM617.1 million, up 11% year-over-year
  • Group profit before tax of RM95.0 million, marginal growth year-over-year
  • PATAMI of RM80.2 million, marginal growth year-over-year
  • Earnings per share of 20.53 sen, marginal growth year-over-year

“We are off to a promising start in 2024, delivering decent first quarter results driven by robust demand for vehicles in the industry,” said Rizal Mohd Zin, Group Chief Executive Officer of 麻豆传媒. “Total Industry Volume (鈥淭IV鈥) was up 5% year-over-year, reflecting the strong spillover of demand from a record TIV in 2023. Correspondingly, 麻豆传媒鈥 topline benefited through strong vehicle unit sales and increased manufacturing throughput”

鈥淗owever PATAMI showed marginal growth as the slower growth in our associates results offset the the higher growth in our operating profit before tax. The growth in the Group鈥檚 profit was affected by model mix and absence of a one-off cost recovery that happened in the first quarter of 2023.鈥

麻豆传媒 also announced that through its wholly-owned motor trading subsidiary, Federal Auto Holdings Berhad (鈥淔ederal Auto鈥), it was entering into a new dealership with Jaecoo, a fast-growing brand of premium SUVs. It expects to open its first 1S outlet in June at Menara 麻豆传媒 in the heart of Kuala Lumpur, followed by a 4S outlet in Segambut next year.

鈥溌槎勾 and Federal Auto are excited to partner with Jaecoo as we believe in their vision of offering high-quality vehicles at affordable prices and their commitment to an electrified future with their coming hybrid and electric vehicle models. The Jaecoo brand would also complement our current portfolio of selling entry-level and luxury vehicles, where Jaecoo would be positioned for the mid-market,鈥 said the Company.

鈥淥ur partnership with Jaecoo is in line with 麻豆传媒鈥 objectives of strengthening its position in the automotive industry.鈥

Expressing its support, Jaecoo Malaysia President, Leo Chen said, 鈥淎n important part of our commitment for long-term growth in Malaysia is our synergy with like-minded partners. We believe 麻豆传媒鈥 and Federal Auto鈥檚 legacy and excellence in the automotive industry is a testament to this and further complements our goal to excite customers with the best ownership experience.鈥

END.


ABOUT MBM RESOURCES BERHAD

麻豆传媒 Berhad and its subsidiaries (鈥溌槎勾解 or 鈥渢he Group鈥) is an automotive conglomerate with diverse investments in the automotive industry. The Group has two core business areas which are Motor Trading, where 麻豆传媒 is involved in the distribution and dealership of major international and local vehicle brands in Malaysia; and Automotive Parts Manufacturing consisting of steel wheels, safety restraint products (airbags, seat belts and steering wheels) and noise, vibration and harshness (NVH) products. The Group is a significant parts supplier to all major car manufacturers in the country as well as being well represented in all segments of the automotive retail market, including the commercial vehicle segment, and from compact entry level cars to luxury cars in the passenger vehicle sector. These include brands like Daihatsu and Hino in the commercial sphere, and passenger vehicle brands like Perodua, Volvo and Volkswagen.

The post 麻豆传媒 delivers promising results for Q1 2024; embarks on a new automobile dealership appeared first on 麻豆传媒 Berhad.

]]>
MBM RESOURCES BERHAD WRAPS UP FY16 WITH MAINTAINED REVENUE DESPITE CHALLENGING AUTOMOTIVE MARKET /mbm-resources-berhad-wraps-up-fy16-with-maintained-revenue-despite-challenging-automotive-market/ Wed, 22 Feb 2017 04:14:00 +0000 /?p=3011 MBM RESOURCES BERHAD WRAPS UP FY16 WITH MAINTAINED REVENUE DESPITE CHALLENGING AUTOMOTIVE MARKET The Group declares second single tier interim dividend of 3.0 sen per share for FY16. KUALA LUMPUR, 22 FEBRUARY 2017 芒鈧 麻豆传媒 Berhad and its subsidiaries (芒鈧揗叠惭搁芒鈧 or the 芒鈧揋谤辞耻辫芒鈧), one of Malaysia芒鈧劉s leading automotive groups, today announced its financial results for the fourth quarter ended […]

The post MBM RESOURCES BERHAD WRAPS UP FY16 WITH MAINTAINED REVENUE DESPITE CHALLENGING AUTOMOTIVE MARKET appeared first on 麻豆传媒 Berhad.

]]>
MBM RESOURCES BERHAD WRAPS UP FY16 WITH MAINTAINED REVENUE DESPITE CHALLENGING AUTOMOTIVE MARKET

The Group declares second single tier interim dividend of 3.0 sen per share for FY16.

KUALA LUMPUR, 22 FEBRUARY 2017&苍产蝉辫;芒鈧赌&苍产蝉辫;麻豆传媒 Berhad and its subsidiaries (芒鈧揗叠惭搁芒鈧 or the 芒鈧揋谤辞耻辫芒鈧), one of Malaysia芒鈧鈩s leading automotive groups, today announced its financial results for the fourth quarter ended 31 December 2016 (芒鈧换4贵驰16芒鈧), registering a slightly improved revenue of 2.3% at RM447.7 million as compared to RM437.7 million in the preceding year芒鈧鈩s corresponding quarter (芒鈧换4贵驰15芒鈧). The increase in revenue is mainly attributed by the higher delivery volume from the Group芒鈧鈩s Auto Parts Manufacturing division, contributing 13.2% to the Group芒鈧鈩s total revenue for Q4FY16. 惭叠惭搁芒鈧鈩s Profit Before Tax (芒鈧PBT芒鈧) for the quarter under review dropped by 58.1% to RM7.8 million from RM18.7 million in Q4FY15, upon recognising  one-off impairments of RM30.3 million. The PBT was however supported by the share of results of associates and the Joint Venture (芒鈧JV芒鈧) as a result of better margin, new model sales as well as the recovery of foreign exchange related costs. Excluding its one-off impairments, the PBT for Q4FY16 would have been higher by RM19.4 million as compared to Q4FY15.

惭叠惭搁芒鈧鈩s Motor Trading Division, on the other hand, experienced a marginal decrease of 0.1% in revenue at RM388.7 million for Q4FY16 as compared to RM389.1 million recorded in Q4FY15, due to softer demand in the passenger vehicle market as reflected by a 10.8% contraction in Malaysia芒鈧鈩s Total Industry Volume (芒鈧揟滨痴芒鈧) against the preceding year芒鈧鈩s corresponding quarter. The reduction, however, was mitigated by the continuing strong demand for the Volvo XC90.

Commenting on the Group芒鈧鈩s results, Executive Chairman of 麻豆传媒, 顿补迟辞芒鈧鈩 Abd Rahim Abd Halim (芒鈧揇补迟辞芒鈧鈩 Abd Rahim芒鈧) expressed, 芒鈧揥e are pleased that the Group remained resilient and continued to deliver operational growth despite the drop in TIV for Q4FY16 against the corresponding quarter. Due to the challenging economic environment, we have also made assessment on our investments and assets, and recognised some impairments on prudent ground. Looking forward, the outlook for the passenger vehicle market is expected to remain challenging subjected to factors such as continuous market uncertainty, lower consumer sentiment, stringent hire-purchase loan approval process as well as the volatility of Ringgit.芒鈧

For the full financial year review (芒鈧揊驰贰16芒鈧), 麻豆传媒 registered reduced revenue of 7.4% at RM1.7 billion and a contracted PBT of 39.0% at RM79.4 million as compared to RM1.8 billlion and RM130.2 million respectively for FYE15. The decline was mainly due to a one-off property contribution accounted for in FYE15. By excluding the one-off contribution, 麻豆传媒 posted a marginal improvement of 0.6% in revenue and a contraction of PBT by only 5.8% for the financial year under review. Earnings per share stood at 15.9 sen per share for FYE16.

In respect of the financial year under review, the Board has declared a second single tier interim dividend of 3.0 sen per share, amounting to approximately RM11.7 million payable to all shareholders.

顿补迟辞芒鈧鈩 Abd Rahim added, 芒鈧揘otwithstanding the challenging economic landscape ahead, the Group will continue to streamline our operations through efforts in driving sales with new car models, providing improved aftersales service as well as cost management initiatives. We are optimistic for the growth of our Motor Trading division moving forward, fuelled by new and upcoming car models carried by automotive brands offered by the Group. We believe that the Auto Parts Manufacturing division will also be able to leverage on this aspect to deliver higher volume contribution as we kick off the new financial year.芒鈧

***

ABOUT MBM RESOURCES BERHAD

麻豆传媒 Berhad脗听and its subsidiaries (芒鈧揗叠惭搁芒鈧澝偺or脗听芒鈧搕he Group芒鈧)is an automotive conglomerate with diverse investments in the automotive industry. The Group has two core business areas which are Motor Trading, where 麻豆传媒 is involved in the distribution and dealership of major international and local vehicle brands in Malaysia; and Automotive Parts Manufacturing consisting of wheels (both steel and alloy wheels), safety restraint products (airbags, seat belts and steering wheels) and noise, vibration and harshness (NVH) products. The Group is a significant parts supplier to all major car manufacturers in the country as well as being well represented in all segments of the automotive retail market, from light trucks to medium and heavy duty trucks and buses in the commercial vehicle segment, and from compact entry level cars to luxury cars in the passenger vehicle sector. These include brands like Daihatsu, Hino and Iveco in the commercial sphere, and passenger vehicle brands like Perodua, Volvo, Volkswagen, and Mitsubishi.

Issued by: Esente Communications (M) Sdn. Bhd. on behalf of 麻豆传媒 Berhad

顿补迟别:脗听22 February 2017

For more information, please contact:

Wong Fay Lee (麻豆传媒) Tel No: +603 2273 8803 Email:脗听wongfl@mbmr.com.myGrace Chang (Esente) Tel No: +603 6201 4110 Email: grace@esente.com.my

The post MBM RESOURCES BERHAD WRAPS UP FY16 WITH MAINTAINED REVENUE DESPITE CHALLENGING AUTOMOTIVE MARKET appeared first on 麻豆传媒 Berhad.

]]>
MBM RESOURCES RESILIENT AMIDST DAMPENED MARKET CONDITIONS; POSTS 109.4% INCREASE IN PBT FOR Q3FY16 /mbm-resources-resilient-amidst-dampened-market-conditions-posts-109-4-increase-in-pbt-for-q3fy16/ Tue, 22 Nov 2016 17:18:00 +0000 /?p=3013 MBM RESOURCES RESILIENT AMIDST DAMPENED MARKET CONDITIONS; POSTS 109.4% INCREASE IN PBT FOR Q3FY16 KUALA LUMPUR, 23 NOVEMBER 2016 芒鈧 麻豆传媒 Berhad and its associates (芒鈧揗叠惭搁芒鈧 or the 芒鈧揋谤辞耻辫芒鈧), a leading domestic automotive group, today posted their financial results for the third quarter of the 2016 financial year (芒鈧换3贵驰16芒鈧). The Group continued to show resilience amidst dampened market conditions, […]

The post MBM RESOURCES RESILIENT AMIDST DAMPENED MARKET CONDITIONS; POSTS 109.4% INCREASE IN PBT FOR Q3FY16 appeared first on 麻豆传媒 Berhad.

]]>
MBM RESOURCES RESILIENT AMIDST DAMPENED MARKET CONDITIONS; POSTS 109.4% INCREASE IN PBT FOR Q3FY16

KUALA LUMPUR, 23 NOVEMBER 2016&苍产蝉辫;芒鈧赌&苍产蝉辫;麻豆传媒 Berhad and its associates (芒鈧揗叠惭搁芒鈧 or the 芒鈧揋谤辞耻辫芒鈧), a leading domestic automotive group, today posted their financial results for the third quarter of the 2016 financial year (芒鈧换3贵驰16芒鈧). The Group continued to show resilience amidst dampened market conditions, registering a Profit Before Tax (芒鈧扬叠罢芒鈧) for the quarter under review of RM 26.1 million, an increase of 109.4% from the previous year芒鈧鈩s corresponding period. The higher PBT was largely due to improved results from 惭叠惭搁芒鈧鈩s associates, thanks to the successful launch of the Perodua Bezza in July, as well as higher sales volumes from Hino Motors Sales (M) Sdn Bhd (芒鈧揌惭厂惭芒鈧).

Speaking on the Group芒鈧鈩s results, Looi Kok Loon, Group Managing Director of 麻豆传媒 shared, 芒鈧揥e are pleased to be posting improved results this quarter despite the sluggish conditions of the local automotive industry of the past year. Our Motor Trading Division for example, achieved increased revenue of 3.9% as compared to the same period last year, despite a contraction in Total Industry Volume (芒鈧揟滨痴芒鈧) of 12.4% against the same period. It affirms that the business strategy we have in place is firmly on track, as we continue to work on improving both our operations as well as enhancing our current capabilities.芒鈧

惭叠惭搁芒鈧鈩s Motor Trading Division registered a 28.6% improvement in PBT for Q3FY16, thanks to a favourable product mix from the launch of the Perodua Bezza as well as the Volvo XC90, which continue to enjoy popularity among consumers. Though still incurring losses, the Group芒鈧鈩s Auto Parts Manufacturing Division recorded higher deliveries of alloy wheels in the quarter under review, which boosted its revenue generation. Consequently, Earnings Per Share (芒鈧揈笔厂芒鈧) attributable to shareholders of the Group for the year-to-date stands at 14.97 sen. Market conditions are expected to continue to remain challenging for automotive companies for the rest of 2016, with aggressive marketing campaigns and year-end sales expected to heighten as brands look to reduce their end-of-year stocks leading to sustained pressure on margins.

Looi脗听added in closing, 芒鈧揃oth the Board and the management of 麻豆传媒 are firmly committed towards continuing to improve our efficiencies and margins moving forward, buoyed by new product launches and the sustained streamlining of our current operations. We believe that our strategic blueprint will continue to be viable, allowing us to ensure sustained value creation for all our shareholders, as we pursue our vision of becoming the Complete Automotive Group. The Group has an established track record in the automotive industry, so I believe we are ideally positioned to build upon our strengths to drive fiscally responsible growth.芒鈧

***

ABOUT MBM RESOURCES BERHAD

麻豆传媒 Berhad脗听and its associates脗听(芒鈧揗叠惭搁芒鈧 or 芒鈧搕he Group芒鈧)脗听is an automotive conglomerate with diverse investments in the automotive industry. The Group has two core business areas which are Motor Trading, where 麻豆传媒 is involved in the distribution and dealership of major international and local vehicle brands in Malaysia; and Automotive Parts Manufacturing consisting of wheels (both steel and alloy wheels), safety restraint products (airbags, seat belts and steering wheels) and noise, vibration and harshness (NVH) products. The Group is a significant parts supplier to all major car manufacturers in the country as well as being well represented in all segments of the automotive retail market, from light trucks to medium and heavy duty trucks and buses in the commercial vehicle segment, and from compact entry level cars to luxury cars in the passenger vehicle sector. These include brands like Daihatsu, Hino and Iveco in the commercial sphere, and passenger vehicle brands like Perodua, Volvo, Volkswagen, and Mitsubishi, as well as sports tuning brands, ABT and HeicoSportiv in addition to the Williams car care brand.脗听脗听

The post MBM RESOURCES RESILIENT AMIDST DAMPENED MARKET CONDITIONS; POSTS 109.4% INCREASE IN PBT FOR Q3FY16 appeared first on 麻豆传媒 Berhad.

]]>
MBM RESOURCES INITIATES SHARE BUY-BACK PLAN /mbm-resources-initiates-share-buy-back-plan/ Thu, 19 May 2016 06:26:00 +0000 /?p=3016 MBM RESOURCES INITIATES SHARE BUY-BACK PLAN Move reflects company芒鈧劉s confidence in its inherent value,  beginning of growth phase Petaling Jaya (May 19, 2016) 芒鈧 麻豆传媒 Berhad (麻豆传媒), has announced plans to buy back up to 10 per cent or 39,071,075 of its own issued and paid-up share capital.  Speaking to the media after the company芒鈧劉s […]

The post MBM RESOURCES INITIATES SHARE BUY-BACK PLAN appeared first on 麻豆传媒 Berhad.

]]>
MBM RESOURCES INITIATES SHARE BUY-BACK PLAN

Move reflects company芒鈧鈩s confidence in its inherent value,  beginning of growth phase

Petaling Jaya (May 19, 2016) 芒鈧 麻豆传媒 Berhad (麻豆传媒), has announced plans to buy back up to 10 per cent or 39,071,075 of its own issued and paid-up share capital. 

Speaking to the media after the company芒鈧鈩s 22nd Annual General Meeting, 麻豆传媒 Group Managing Director, Looi Kok Loon, said that the move was initiated to allow the Company to buy back its shares in times of significant undervaluation.

芒鈧揥e feel that our shares have declined significantly over the last 12 months and is trading at a steep discount to the value of its net tangible asset,芒鈧 he said.

麻豆传媒 Group recorded a 2% growth in revenues to RM1.8 billion in 2015 compared with RM1.7 billion in 2014, helped by the recognising of the one-off contribution from the completion of the new office block, Menara 麻豆传媒. Profit before tax (PBT), however fell 2% to RM130.2 million.

Looi pointed out that the company芒鈧鈩s diverse investment in every stage of the automotive industry芒鈧鈩s value chain was one reason why 麻豆传媒 Group was able to weather multiple challenges in the previous financial year.  

芒鈧揥e draw strength from the diversity in our income streams which provide defensive qualities in the event of further headwinds in the economy and yet well positioned for a rebound in the near future. Many of our investments have been commissioned and we are now entering the growth phase with confidence,芒鈧 he said.

麻豆传媒 Group was not spared from the impact from the implementation of the Goods and Services Tax (GST), tightening credit, a drastic slump in Ringgit value and the resulting knockon effect on both business and consumer confidence.  Yet, in numerous instances, it demonstrated great resilience and was able to balance decline with growth.

For example, the 22.2% decline in sales recorded by its multi-brand subsidiary, Federal Auto Holdings Berhad (FAHB), which has dealerships for Volvo, Volkswagen and Mitsubishi passenger cars among others, was mitigated by the 15.6% jump in sales by DMM Sales Sdn Bhd (DMMS), dealer for Perodua, which was driven by the success of the new Axia model. The net impact was that 麻豆传媒 Group recorded a growth of 8.5% in total vehicle sales, which exceeded the market芒鈧鈩s flat performance.

麻豆传媒 Group芒鈧鈩s aggressive expansion in the defensive, recurring and high-margined aftersales business has also resulted in a significant shift in the balance of profit contribution.  While this growth would be driven by new vehicle sales, it has also lessened the Group芒鈧鈩s dependence on new vehicle deliveries alone. 

Moving forward, 麻豆传媒 Group芒鈧鈩s component manufacturing division is set to enjoy better days ahead with several subsidiaries well-positioned to respond to market trends.

Its investment in an alloy wheel plant in 2012 is showing further improvement.  The plant in Rawang is poised to benefit from the automotive industry芒鈧鈩s unabated shift from steel to alloy wheels with production volume at Oriental Metal Industries (M) Sdn Bhd (OMI) set to rise from 139,000 units in 2015 to more than 300,000 this year on the back of new contracts secured from Perodua, Volkswagen and several other customers.

Autoliv Hirotako Sdn Bhd (AHSB), 51% owned via its subsidiary, Hirotako Holdings Berhad, is a leading supplier of safety restraint systems. It has won significant new supply orders from major customers and is set to enjoy the growing emphasis on safety in the new product launches by car companies with increased fitment rates of passive safety products. 

芒鈧揥e believe that we have established very clear strategies in our vision of being The Complete Automotive Group. Our investments of recent years have been very calculated and positioned us to benefit from changing trends in the automotive market,芒鈧 said Looi. Ends.

***

ABOUT MBM RESOURCES BERHAD

麻豆传媒 is a diverse automotive group that represents some of the biggest international brands in

Malaysia.脗听 They include commercial vehicle brands Daihatsu, HINO and Iveco; passenger car brands Perodua, Volvo, Volkswagen and Mitsubishi; and sports tuning brands, ABT and HeicoSportiv, and carcare brand Williams.

麻豆传媒 is the leader in every market segment it competes in, with products that range from light, medium and heavy duty trucks and buses to entry-level compact cars and luxury vehicles.脗听

麻豆传媒 aspires to be one of the leading and most complete automotive groups in Malaysia with a full spectrum of capabilities that include manufacturing and assembly, distribution, retail and dealerships, parts and accessories, body and paint repair and customer services.脗听

For more information on 麻豆传媒 Berhad, please visit脗听脗听

The post MBM RESOURCES INITIATES SHARE BUY-BACK PLAN appeared first on 麻豆传媒 Berhad.

]]>
麻豆传媒 EYES PERIOD OF STEADY, SUSTAINABLE GROWTH, CONSISTENT RETURNS TO SHAREHOLDERS /mbmr-eyes-period-of-steady-sustainable-growth-consistent-returns-to-shareholders/ Sun, 14 Jun 2015 13:23:00 +0000 /?p=3018 麻豆传媒 EYES PERIOD OF STEADY, SUSTAINABLE GROWTH,CONSISTENT RETURNS TO SHAREHOLDERSFive-year annual average shareholders芒鈧劉 return of 19.1%dwarfs KLCI芒鈧劉s 9.8% Subang, June 16, 2015 芒鈧 麻豆传媒 Berhad (麻豆传媒) is confident that it is脗听entering into a period of steady and sustainable growth that will see the company delivering consistent returns to shareholders moving forward. The company芒鈧劉s five-year […]

The post 麻豆传媒 EYES PERIOD OF STEADY, SUSTAINABLE GROWTH, CONSISTENT RETURNS TO SHAREHOLDERS appeared first on 麻豆传媒 Berhad.

]]>
麻豆传媒 EYES PERIOD OF STEADY, SUSTAINABLE GROWTH,
CONSISTENT RETURNS TO SHAREHOLDERS
Five-year annual average shareholders芒鈧鈩 return of 19.1%
dwarfs KLCI芒鈧鈩s 9.8%


Subang, June 16, 2015 芒鈧 麻豆传媒 Berhad (麻豆传媒) is confident that it is脗听entering into a period of steady and sustainable growth that will see the company delivering consistent returns to shareholders moving forward.

The company芒鈧鈩s five-year annual average shareholders芒鈧鈩 return of 19.1 per cent far脗听surpasses the Kuala Lumpur Composite Index芒鈧鈩s 9.8 per cent1.脗听

惭叠惭搁芒鈧鈩s new investments, which involved significant capital expenditure but were脗听strategically necessary to secure the company芒鈧鈩s future, were now ready to take off after a period of gestation in the previous year.

These included capacity expansion of OMI Alloy (M) Sdn Bhd芒鈧鈩s alloy wheel脗听manufacturing plant in Rawang, further network expansion to tap into the lucrative vehicle aftersales service market and commencement of distributorship for Iveco脗听commercial vehicles.

For the 12-month period ended December 31, 2014, 麻豆传媒 recorded revenues of脗听RM1,774.1 million, down 9.5 per cent. Profit before tax was RM132.2 million, down 14.9 per cent from the previous year, mainly due to start-up costs from new脗听investments.

麻豆传媒 could take heart that its existing businesses continued to perform well with脗听profit before tax growing by 7 per cent in 2014 to RM183.9 million from RM171.8 million in the previous year.

麻豆传媒 group managing director Looi Kok Loon said that the company expected to脗听see meaningful contributions from the new investments from this year onwards. 芒鈧揊or example, our decision to add capacity by upgrading existing service centres脗听meant that we were able to tap into the aftersales business, which continues to be highly lucrative recurring income generator. It also helped us diversify our income脗听stream by lessening the dependence on vehicle sales,芒鈧 he said.

In 2014, 惭叠惭搁芒鈧鈩s 46-branch network recorded an 11 per cent increase in service脗听centre throughput although vehicle sales declined by six per cent.

Mr Looi pointed out that the automotive parts manufacturing division would脗听continue to play a key role in driving 惭叠惭搁芒鈧鈩s growth.

Rising domestic vehicle production and advancing safety standards have benefited脗听惭叠惭搁芒鈧鈩s subsidiaries such as steel wheel producer Oriental Metal Industries (M) Sdn Bhd and alloy wheel manufacturer, OMI Alloy.

OMI Alloy芒鈧鈩s production this year was expected to grow by six fold to an estimated脗听200,000 units due to rising demand for alloy wheels in the country and new orders from vehicle manufacturers.

Jointly-controlled entity Autoliv Hirotako Sdn Bhd (AHSB), the specialist in safety脗听restraint systems, continued to be the market leader in seatbelts and airbags supply. The company is well-poised to capture growth opportunities from current脗听products and the development of new products to meet higher levels of vehicle safety.

Looi added, 芒鈧揥e are proud to welcome yet another top brand to our portfolio. 脗听Iveco, based in Turin, Italy, is a global manufacturer with a wide range of light, medium and heavy commercial vehicles, off-road trucks, and vehicles for special脗听applications. We are confident that Iveco will soon be a major player in the commercial vehicle segment here in Malaysia.芒鈧 Ends.


1脗听2015 Bloomberg Finance L P

***

ABOUT MBM RESOURCES BERHAD

麻豆传媒 is a diverse automotive group that represents some of the biggest international脗听brands in Malaysia. They include commercial vehicle brands Daihatsu, HINO and Iveco;脗听passenger car brands Perodua, Volvo, Volkswagen and Mitsubishi; and sports tuning brands,脗听ABT and HeicoSportiv, and car-care brand Williams.

麻豆传媒 is the leader in every market segment it competes in, with products that range from脗听light, medium and heavy duty trucks and buses to entry-level compact cars and luxury脗听vehicles.

麻豆传媒 aspires to be one of the leading and most complete automotive groups in Malaysia脗听with a full spectrum of capabilities that include manufacturing and assembly, distribution,脗听retail and dealerships, parts and accessories, body and paint repair and customer services.

For more information on 麻豆传媒 Berhad, please visit www.mbmr.com.my.

The post 麻豆传媒 EYES PERIOD OF STEADY, SUSTAINABLE GROWTH, CONSISTENT RETURNS TO SHAREHOLDERS appeared first on 麻豆传媒 Berhad.

]]>
麻豆传媒 Expansion Plan Firmly On Track Despite Challenging Year /mbmr-expansion-plan-firmly-on-track-despite-challenging-year/ Tue, 17 Jun 2014 01:27:00 +0000 /?p=3021 Strategic investments set to secure the Group芒鈧劉s future Kuala Lumpur, June 17, 2014 芒鈧 麻豆传媒 Berhad (麻豆传媒) is confident that its expansion plan remains firmly on track after successfully maintaining the record revenues and profits achieved in the previous year despite a challenging year in 2013. For the 12-month period ended December 31, 2013, 麻豆传媒 recorded revenues of […]

The post 麻豆传媒 Expansion Plan Firmly On Track Despite Challenging Year appeared first on 麻豆传媒 Berhad.

]]>
Strategic investments set to secure the Group芒鈧鈩s future

Kuala Lumpur, June 17, 2014 芒鈧 麻豆传媒 Berhad (麻豆传媒) is confident that its expansion plan remains firmly on track after successfully maintaining the record revenues and profits achieved in the previous year despite a challenging year in 2013.

For the 12-month period ended December 31, 2013, 麻豆传媒 recorded revenues of RM2,234.3 million and profit before tax of RM194.2 million, down 1.5 per cent and 1.6 per cent respectively from the previous year.

Strong contributions from existing businesses and prudent cost management ensured that the declines were marginal although the Group had to face uncertainties brought about by the May 2013 General Election, intense competition in the automotive market and operational cost pressures.

麻豆传媒 group managing director Looi Kok Loon said that existing businesses continued to perform well with profit before tax growing by 9.7 per cent in 2013 and 15 per cent in the first quarter of 2014 even as costs incurred for the expansion plan had to be taken in.

芒鈧揥e have made the necessary investments to secure our future.  For example, we saw tremendous opportunities in the aftersales business and have moved decisively to add capacity by upgrading existing service centres and adding three new ones for a total of 46 in 2013.

However, some investments will need a gestation period before we see significant contributions.  These include our new alloy wheel plant, which fills a gap in the supply of OEM-quality standard alloy wheels in Malaysia and also has tremendous potential for export as it is designed with the highest specifications for meeting international quality standards,芒鈧 he said.

惭叠惭搁芒鈧鈩s investments in network expansion not only increased its capacity and geographical reach that contributed to higher sales but also allowed the Group to leverage on the strong growth in new car sales in the past five years to boost its recurring income contribution from the highly lucrative and defensive aftersales business.  

While 惭叠惭搁芒鈧鈩s total vehicles sales in 2013 grew by 4 per cent to 26,586 units, the Group recorded a strong 12 per cent growth in service throughputs to 166,963 units from 149,108 units in 2012.

Hirotako Holdings Berhad, the leading manufacturer of automotive safety restraint products in Malaysia, proved to be a star acquisition as it achieved new record revenues of RM296.7 million in 2013.   

Looi added, 芒鈧揥e are highly optimistic that the Group is headed in the right direction.  With capital expenditures tapering off, we are looking forward to an exciting 2015 when we will be seeing full-year contributions from OMI Alloy, the new Hino Motors Manufacturing plant in Sendayan and the new Perodua plant in Rawang.  Hirotako, whose airbag sales grew by 13 per cent last year and seat belts are fitted in 68 per cent of vehicles produced in Malaysia, should also remain a major revenue contributor.芒鈧

麻豆传媒, which has been synonymous with the Daihatsu brand since its inception, has evolved into a diverse automotive group that represents some of the biggest international brands in Malaysia.  They include commercial vehicle brands Daihatsu and HINO; passenger car brands Perodua, Volvo, Volkswagen and Mitsubishi; and sports tuning brands, ABT and HeicoSportiv, and car-care brand Williams.

麻豆传媒 is the leader in every market segment it competes in, with products that range from light, medium and heavy duty trucks and buses to entry-level compact cars and luxury sports utility vehicles.

By 2015, 麻豆传媒 plans to become one of the leading and most complete automotive groups in Malaysia with a full spectrum of capabilities that include manufacturing and assembly, distribution, retail and dealerships, parts and accessories, body and paint repair and customer services.

The post 麻豆传媒 Expansion Plan Firmly On Track Despite Challenging Year appeared first on 麻豆传媒 Berhad.

]]>
Hino In JV With 麻豆传媒 To Set Up Manufacturing Plant In Malaysia /hino-in-jv-with-mbmr-to-set-up-manufacturing-plant-in-malaysia/ Fri, 28 Sep 2012 03:29:00 +0000 /?p=3023 Joint venture to cater to growing Malaysian market Kuala Lumpur, September 28, 2012 芒鈧 Hino Motors Ltd, Japan芒鈧劉s leader in the manufacturing of trucks and buses, has entered into a joint-venture agreement with long-time partner, 麻豆传媒 Berhad (麻豆传媒), to established its first manufacturing plant in Malaysia. Hino Motors Ltd will hold a 58 per cent […]

The post Hino In JV With 麻豆传媒 To Set Up Manufacturing Plant In Malaysia appeared first on 麻豆传媒 Berhad.

]]>
Joint venture to cater to growing Malaysian market



Kuala Lumpur, September 28, 2012 芒鈧 Hino Motors Ltd, Japan芒鈧鈩s leader in the manufacturing of trucks and buses, has entered into a joint-venture agreement with long-time partner, 麻豆传媒 Berhad (麻豆传媒), to established its first manufacturing plant in Malaysia.

Hino Motors Ltd will hold a 58 per cent stake in the joint-venture manufacturing company to be called Hino Motors Manufacturing (Malaysia) Sdn Bhd.  The balance will be owned by 麻豆传媒.  

The Hino manufacturing plant, which will involve an initial investment of RM140 million, will be located on a 42-acre site in Sendayan TechValley, Negeri Sembilan.  Construction is scheduled to begin in February 2013 and completed by the beginning of 2014. 

The new Sendayan plant, with an annual production capacity of approximately 10,000 units, will manufacture the full range of Hino products comprising small, medium and heavy duty trucks; and buses for the Malaysian market. 

Hino Motors Ltd President, Mr Yoshio Shirai, said that the company was delighted to expand its 35-year presence in Malaysia from sales to include full-fledged manufacturing.

芒鈧揟his strategic investment to set up a manufacturing plant here, we expect, will further strengthen our market leadership in the commercial vehicle segment in Malaysia where there is a growing demand for Hino products,芒鈧 he said.

The joint venture with Hino is another boost for 惭叠惭搁芒鈧鈩s automotive manufacturing division and a major step forward in its plans to become one of the leading and most complete automotive groups in Malaysia and the region by 2015.

麻豆传媒 Group Managing Director Looi Kok Loon said that the setting up of the manufacturing facility not only marked the beginning of the next level of partnership with Hino but would also contribute to raising the standards of the Malaysian automotive industry.

芒鈧揥hile we are happy to see the natural extension of our partnership, we are even more excited that Hino has decided to make the Sendayan plant a full-fledged manufacturing facility.  This means that a lot of world-class manufacturing and quality control processes will be put in place.  This can only be good for the local automotive industry,芒鈧 he said.      

About Hino Motors Ltd, Japan
Hino is a leading truck and bus manufacturer in Japan. Hino brand trucks and buses, with good quality, durability and reliability, are widely marketed in more than 70 countries/regions around the world.  With its predecessor company having been founded in 1910, Hino celebrates its 70th anniversary this year.

About 麻豆传媒 Berhad (麻豆传媒)
麻豆传媒 is a diverse automotive group with two core businesses 芒鈧 automotive distribution and retailing; and automotive parts manufacturing. It currently represents some of the biggest international brands in Malaysia, including commercial vehicle brands Daihatsu and Hino; passenger car brands Perodua, Volvo, Volkswagen and Mitsubishi; and sports tuning brands, ABT and Heico Sportiv. It is the leader in every market segment it competes in, with products that range from light, medium and heavy duty trucks and buses to entry-level compact cars and luxury sports utility vehicles.  惭叠惭搁芒鈧鈩s automotive parts manufacturing division currently produces steel wheels, assembles wheel modules, builds bodies for commercial vehicles and manufactures automotive safety equipment such as airbag modules, seat belts, steering wheels, noise and heat reduction materials and insulator parts.

The post Hino In JV With 麻豆传媒 To Set Up Manufacturing Plant In Malaysia appeared first on 麻豆传媒 Berhad.

]]>
惭叠惭搁芒鈧劉s Multi-Brand Strategy Pays Off With Market-Beating Performance In 2011, 1Q12 /mbmrs-multi-brand-strategy-pays-off-with-market-beating-performance-in-2011-1q12/ Wed, 20 Jun 2012 01:30:00 +0000 /?p=3025 Total capital expenditure to reach RM180 million this year  Kuala Lumpur, June 20, 2012 芒鈧 麻豆传媒 Berhad (麻豆传媒), which is aiming to be one of the leading and most complete automotive groups in Malaysia and the region, believes that its multi-brand strategy is starting to pay off as it posted record revenue in 2011 and […]

The post 惭叠惭搁芒鈧劉s Multi-Brand Strategy Pays Off With Market-Beating Performance In 2011, 1Q12 appeared first on 麻豆传媒 Berhad.

]]>
Total capital expenditure to reach RM180 million this year 

Kuala Lumpur, June 20, 2012 芒鈧 麻豆传媒 Berhad (麻豆传媒), which is aiming to be one of the leading and most complete automotive groups in Malaysia and the region, believes that its multi-brand strategy is starting to pay off as it posted record revenue in 2011 and the first quarter of 2012 despite weak market conditions.

惭叠惭搁芒鈧鈩s revenue for the 12-month period ended 31 December 2011 increased by 12 per cent to RM1,706 million from RM1,528 million in 2010.  

This was achieved on the back of a strong second half performance, especially by its Perodua and Volkswagen  dealerships, which saw the Group芒鈧鈩s total vehicle sales for 2011 increase by two per cent to 23,236 units.  In comparison, the total industry volume (TIV) for the Malaysian automotive industry had declined by 0.9 per cent. 

However, 惭叠惭搁芒鈧鈩s profit before tax in 2011 declined by 13 per cent to RM151 million, principally due to the strong Japanese Yen, disruption in parts supply caused by the Japan earthquake and floods in Thailand, and the taking in of a one-off cost incurred in the acquisition of automotive safety equipment manufacturer Hirotako Holdings Berhad.

麻豆传媒 continued to outpace the market in the first quarter of 2012.  The company芒鈧鈩s revenue for the quarter ended 31 March 2012 increased by 33 per cent to RM544 million from RM410 million in 1Q2011.  Profit before tax rose 21 per cent to RM56 million from RM46 million in the corresponding quarter last year.

The strong performance reflected for the first time, the significant contribution of Hirotako.  Another major contributor was Federal Auto Holdings Berhad, whose sales increased by 55 per cent compared against 2011, driven by strong and growing demand for Volkswagen and Volvo cars.

Both combined to mitigate the effects of lower margins from growing competition as well as a declining automotive market under pressure from tightening credit that has affected the sales of Perodua cars this year.

麻豆传媒 managing director Looi Kok Loon said that the encouraging 2011 and 1Q12 results showed that Group芒鈧鈩s multi-brand strategy and expansion plans were paying off.

芒鈧揇espite an increasingly challenging operating environment, we believe that we are in a very strong position to maintain our growth trajectory. Our plans remain firmly on schedule, with several major investments either already realised or in the process,芒鈧 he said.

This year, 惭叠惭搁芒鈧鈩s total capital expenditure is set to reach RM180 million, the highest in the Group芒鈧鈩s history as it accelerates its transformation into a complete automotive group.

The amount includes investment in expanding retail networks and setting up of body and paint centres by Federal Auto and Daihatsu (Malaysia) Sdn Bhd, construction of Oriental Metal Industries (M) Sdn Bhd芒鈧鈩s new alloy wheel manufacturing plant in Rawang and research and development and new production capabilities at Hirotako.

芒鈧揂s we expand our Group芒鈧鈩s offerings to include a whole spectrum of aftersales products and services related to vehicle ownership, it will transform 惭叠惭搁芒鈧鈩s earnings profile in the near future. These investments will help improve our margins substantially within the next three years,芒鈧 said Looi.

麻豆传媒, which has been synonymous with the Daihatsu brand since its inception, has evolved into a diverse automotive group that represents some of the biggest international brands in Malaysia.  They include commercial vehicle brands Daihatsu, Dongfeng and Hino; passenger car brands Perodua, Volvo, Volkswagen and Mitsubishi; and sports tuning brands, ABT and HeicoSportiv.

It is the leader in every market segment it competes in, with products that range from light, medium and heavy duty trucks and buses to entry-level compact cars and luxury sports utility vehicles. 

By 2015, 麻豆传媒 plans to become one of the leading and most complete automotive groups in Malaysia with a full spectrum of capabilities that include manufacturing and assembly, distribution, retail and dealerships, parts and accessories, body and paint repair and customer services. 

The post 惭叠惭搁芒鈧劉s Multi-Brand Strategy Pays Off With Market-Beating Performance In 2011, 1Q12 appeared first on 麻豆传媒 Berhad.

]]>
麻豆传媒 Records Strong First Quarter Despite Challenging Market /mbmr-records-strong-first-quarter-despite-challenging-market/ Wed, 23 May 2012 17:32:00 +0000 /?p=3028 Group boosted by significant first contribution from Hirotako, strong performance by Federal Auto  Kuala Lumpur, May 24, 2012 芒鈧 麻豆传媒 Berhad(麻豆传媒), which is aiming to be one of the leading and most complete automotive groups in Malaysia and the region, has posted a strong first quarter despite the automotive industry facing some  daunting challenges. 惭叠惭搁芒鈧劉s […]

The post 麻豆传媒 Records Strong First Quarter Despite Challenging Market appeared first on 麻豆传媒 Berhad.

]]>
Group boosted by significant first contribution from Hirotako, strong performance by Federal Auto 

Kuala Lumpur, May 24, 2012 芒鈧 麻豆传媒 Berhad(麻豆传媒), which is aiming to be one of the leading and most complete automotive groups in Malaysia and the region, has posted a strong first quarter despite the automotive industry facing some  daunting challenges.

惭叠惭搁芒鈧鈩s revenue for the quarter ended 31 March 2012 increased by 32.7 per cent to RM543.7 million from RM409.8 million in 1Q2011.  Profit before tax rose 21.2 per cent to RM56.2 million from RM46.4 million in the corresponding quarter last year.

The strong performance reflected for the first time, the significant contribution of the recently acquired automotive safety equipment manufacturer, Hirotako Holdings Berhad.  Another major contributor was the Federal Auto Group, whose sales increased by 54.6 per cent compared against 2011, driven by strong and growing demand for Volkswagen and Volvo cars.

Both combined to mitigate the effects of lower margins from growing competition as well as a declining automotive market under pressure from tightening credit that has affected the sales of Perodua cars.

麻豆传媒 group managing director Looi Kok Loon said that the strong first quarter performance proved that the group芒鈧鈩s strategic expansion plan, which included the acquisition of Hirotako, and the decision to invest in strong representation in almost every market segment were paying off.

芒鈧揂lthough registrations of Perodua cars have been down despite healthy order taking, we were able to balance it with strong sales of both Volkswagen and Volvo cars, which grew by 108 per cent and 22 per cent respectively year on year.  Thus, we still managed to grow total vehicles sales by 0.1 per cent although the Malaysian motor total industry volume (TIV) for the quarter was down by 12.6 per cent,芒鈧 he said.

Looi added that the first revenue and profit contributions from Hirotako also proved timely and helped balanced the group芒鈧鈩s earnings profile from being overly dependent on associates.

芒鈧揙ur long term expansion plans remain firmly on schedule.  Construction of Oriental Metal Industries芒鈧鈩 alloy wheel plant is progressing well and we will continue to invest in expanding our dealership network,芒鈧 he said.

麻豆传媒, which has been synonymous with the Daihatsu brand since its inception, has evolved into a diverse automotive group that represents some of the biggest international brands in Malaysia.  They include commercial vehicle brands Daihatsu and Hino; passenger car brands Perodua, Volvo, Volkswagen and Mitsubishi; and sports tuning brands, ABT and HeicoSportiv.

It is the leader in every market segment it competes in, with products that range from light, medium and heavy duty trucks and buses to entry-level compact cars and luxury sports utility vehicles. 

By 2015, 麻豆传媒 plans to become one of the leading and most complete automotive groups in Malaysia with a full spectrum of capabilities that include manufacturing and assembly, distribution, retail and dealerships, parts and accessories, body and paint repair and customer services. 

The post 麻豆传媒 Records Strong First Quarter Despite Challenging Market appeared first on 麻豆传媒 Berhad.

]]>
麻豆传媒 Posts Strong Performance Despite Weak Market Conditions In 2011 /mbmr-posts-strong-performance-despite-weak-market-conditions-in-2011/ Fri, 24 Feb 2012 07:12:00 +0000 /?p=3030 Rewards shareholders with bonus issue, announces rights issue with free warrants to fund expansion plan Kuala Lumpur, February 24, 2012 芒鈧 麻豆传媒 Berhad (麻豆传媒), which is aiming to be one of the leading and most complete automotive groups in Malaysia and the region, has announced another record year in revenue in 2011 despite the weak […]

The post 麻豆传媒 Posts Strong Performance Despite Weak Market Conditions In 2011 appeared first on 麻豆传媒 Berhad.

]]>
Rewards shareholders with bonus issue, announces rights issue with free warrants to fund expansion plan

Kuala Lumpur, February 24, 2012 芒鈧 麻豆传媒 Berhad (麻豆传媒), which is aiming to be one of the leading and most complete automotive groups in Malaysia and the region, has announced another record year in revenue in 2011 despite the weak market conditions.

惭叠惭搁芒鈧鈩s revenue for the 12-month period ended 31 December 2011 increased by 14.6 per cent to RM1.75 billion from RM1.53 billion in 2010.  This was achieved on the back of a strong second half performance, especially in the fourth quarter which saw the Group芒鈧鈩s total vehicle sales jumped by 18.8 per cent over the previous quarter, mainly due to higher sales from its Perodua and Volkswagen dealerships.

However, 惭叠惭搁芒鈧鈩s profit in 2011 declined by 15 per cent to RM121 million, principally due to the taking in of a one-off cost incurred in the acquisition of automotive safety equipment manufacturer Hirotako Holdings Berhad.

In conjunction with the release of the encouraging results, 麻豆传媒 has announced a three-for-ten bonus issue to reward its shareholders.  The move will increase the Group芒鈧鈩s share capital base to better reflect the rapidly growing size of its operations.

麻豆传媒 has also announced that, for the first time since its public-listing in 1995, it is going to the market to raise funds for its aggressive expansion plan aimed at strengthening its manufacturingcapabilities and enhancing its nationwide retail and service network.  For that purpose, it has announced a three-for-ten rights issue with free warrants, which has the potential to raise some RM315 million when fully exercised.  

麻豆传媒 managing director Looi Kok Loon said that the latest results once again reflected the Group芒鈧鈩s strong track record of growth despite a weak market and increasingly challenging conditions.

芒鈧揥e believe that we are in a very strong position to maintain our growth trajectory. Our long term expansion plans remain firmly on schedule, with several major investments either already realised or in the process,芒鈧 he said.

In December last year, 惭叠惭搁芒鈧鈩s subsidiary, Daihatsu (Malaysia) Sdn Bhd, officially opened a new service centre and upgraded sales facilities for Hino trucks in Shah Alam, which is the largest in Malaysia.

Last month, another subsidiary, Oriental Metal Industries (M) Sdn Bhd, announced a RM103 million investment in a new, OEM-standard alloy wheel manufacturing plant in Rawang.  The plant is expected to be commissioned by the end of this year.

This week saw the official launch of a new, state-of-the-art Volkswagen 4S centre in  Johor Baru, coming weeks after the opening of the Alor Setar outlet last month.  Both are expected to further contribute to the strong performance of 惭叠惭搁芒鈧鈩s wholly-owned subsidiary, Federal Auto Holdings Berhad, who is currently the leading Volkswagen dealer in Malaysia under FA Wagen Sdn Bhd.

This year will also see the consolidation of the results of Hirotako Holdings Berhad for the first time, which is expected to contribute positively to 惭叠惭搁芒鈧鈩s revenue and profit.

麻豆传媒, which has been synonymous with the Daihatsu brand since its inception, has evolved into a diverse automotive group that represents some of the biggest international brands in Malaysia.  They include commercial vehicle brands Daihatsu and Hino; passenger car brands Perodua, Volvo, Volkswagen and Mitsubishi; and sports tuning brands, ABT and HeicoSportiv.

It is the leader in every market segment it competes in, with products that range from light, medium and heavy duty trucks and buses to entry-level compact cars and luxury sports utility vehicles. 

By 2015, 麻豆传媒 plans to become one of the leading and most complete automotive groups in Malaysia with a full spectrum of capabilities that include manufacturing and assembly, distribution, retail and dealerships, parts and accessories, body and paint repair and customer services.

The post 麻豆传媒 Posts Strong Performance Despite Weak Market Conditions In 2011 appeared first on 麻豆传媒 Berhad.

]]>