Mce Holdings Berhad

$MCEHLDG / 7004 (MCE HOLDINGS BERHAD)

OTHERSPRESS RELEASE ON THE FINANCIAL RESULTS FOR THE 3RD QUARTER ENDED 30 APRIL 2024

Quarterly rpt on consolidated results for the financial period ended 30/04/2024

Change in Audit Committee - DATO DR LEE CHUNG WAH @ LEE CHUNG FU

Change in Risk Committee - DATO DR LEE CHUNG WAH @ LEE CHUNG FU

Change in Boardroom - DATO DR LEE CHUNG WAH @ LEE CHUNG FU

Change in Nomination and Remuneration Committee - DATO DR LEE CHUNG WAH @ LEE CHUNG FU

General Meetings: Outcome of Meeting

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL OF A PIECE OF FREEHOLD LAND HELD UNDER HS(D) 306627, PT 37252, MUKIM BUKIT RAJA, DAERAH PETALING, NEGERI SELANGOR, MEASURING APPROXIMATELY 13,263.38 SQUARE METRES IN AREA ("LAND") BY VANTAGE REALM SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MCE HOLDINGS BERHAD, TO GRAND ASCENT SDN BHD FOR A CASH CONSIDERATION OF RM43,686,345 ("PROPOSED DISPOSAL")

General Meetings: Notice of Meeting

Government Considers Making Dashcams Mandatory for new cars

At a meeting today, the Mr Anthony Loke commented on various calls for making dashcams mandatory for all vehicles.

While the proposal was "doable", there will definitely be a pushback from the public because any additional equipment means additional expense.

However, a more reasonable course of action is to actually have the dashcams installed when the car is built, so the responsibility drops to the manufacturers instead of the consumers. This is something they are considering, although not mandating just yet. This would be a cheaper option as manufacturers have order visibility and economies of scale thus bringing down the unit price of each dashcam installation, rather than having consumers buy individual dashcams and going to workshops to get them installed properly.

Perhaps, in the near future, all new cars will come with built in dashcams and reverse cameras as part of the normal spec.

As of now, many brands do offer dash cams (or driving video recorders, DVRs) as part of an "add on" package or to the top line models, so it wouldn't be too difficult to just extend it to the lower models.

Of course, I can't not tag $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) as one of the players in this space, who makes DVRs as well as built in toll readers. I believe $MCEHLDG / 7004 (MCE HOLDINGS BERHAD) might be also involved, and *maybe*, that could be why Creador is interested in them. I'm just speculating at this point.

source: https://cutt.ly/1ercch8y

Today, RHB IB launched their highly anticipated RHB Small Cap Top 20 Jewels 2024 Edition together with their 20th anniversary. Happy to be invited to attend their launch ceremony at RHB centre and have the honour of sitting at the front row.

Without further ado, here are some footages as well as highlights and summary of their 2023 picks and 2024 picks. They also cover Singapore, Indonesia and Thailand markets as well, but in this post I will focus mainly on their Malaysia market picks.

To outline the definition of small cap here, they are PLCs that are less than 500mil USD market capitalisation. Screening methodology based on 3 broad criterias: Quantitative, Qualitative and Thematic trends.

So, how did the Malaysia market picks for 2023 edition performed:
Top 20 Malaysia Small Cap Jewels 2023 outperformed the broad market, delivering a holding period return of 46.4% v.s. FBM KLCI’s and FBM SC’s returns of 13.0% and 21.4%.

The best performing picks last year was $MCEHLDG / 7004 (MCE HOLDINGS BERHAD), which they also included in the 2024 Jewels actually, and is the only one that is brought forward! Following closely is $VSTECS / 5162 (VSTECS BERHAD), and then $UZMA / 7250 (UZMA BERHAD), WASEONG (now known as WASCO), PIE, LEESK.

Now, moving forward, for 2024 edition:
Their picks are at an average market capitalisation of MYR545m and ROE of 11.2%. Spanning 9 diverse sectors, names from the industrial products & services, technology, construction, consumer products & services sectors make up 70% of their picks. Out of the 20 listed, only 4 are listed on Main Market, the rest are in the Ace Market.

Auto & Autoparts – NHFATT
Basic Materials – PA
Construction – INTA, KIMLUN, MUHIBAH
Consumer Products & Services – ABLEGLOB, KAREX, SHANG
Healthcare – UMC
Industrial Products & Services – AWC, ENGTEX, MCEHLDG, SCOMNET, YBS
O&G – DELEUM
Real Estate – AVALAND
Tech – CLOUDPT, OPPSTAR, QES, TTVHB

Once again, thanks for having me @rhbtradesmartmy . Looking forward to seeing how the Top 20 Jewels 2024 will perform this year, and of course I’ll be tuning into the upcoming 2 PLCs’ management livestreams with $CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) and $KAREX / 5247 (KAREX BERHAD) this Saturday!

Here's the link for those who want to register for the session this Saturday: https://cutt.ly/cee86tai

KUALA LUMPUR: Buying interest in MCE Holdings Bhd pushed its share price above the 52-week high of RM1.82 a share, to a high of RM2.15 in morning trade, after Creador founder and chief executive officer Brahmal Vasudevan emerged as a substantial shareholder in the company.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Shares of MCE Holdings Bhd jumped 15% in early trade Friday following the emergence of Creador founder Brahmal Vasudevan as a substantial shareholder.

KUALA LUMPUR: Stocks to watch on Friday include Scientex Bhd, Solarvest Holdings Bhd, Supermax Corp Bhd, Salcon Bhd, Malaysia Airports Holdings Bhd (MAHB), Pentamaster Corp Bhd, Globetronics Technology Bhd, Mr DIY Group (M) Bhd and MCE Holdings Bhd.

$MCEHLDG / 7004 (MCE HOLDINGS BERHAD)

KUALA LUMPUR: Creador founder and chief executive officer Brahmal Vasudevan has emerged as a substantial shareholder in MCE Holdings Bhd.

© New Straits Times Press (M) Bhd

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - MR BRAHMAL VASUDEVAN

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - CREADOR CONSCIENTA LTD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DULCET ONE HOLDINGS SDN. BHD.

OTHERSJOINT VENTURE CUM SHAREHOLDERS AGREEMENT WITH CHANGCHUN HENGTUO MOULD CO. LTD.

OTHERSJOINT VENTURE CUM SHAREHOLDERS AGREEMENT WITH CHANGCHUN HENGTUO MOULD CO. LTD.

MCEHLDG - Notice of Book Closure

KUALA LUMPUR: MCE Holdings Bhd’s unit has secured contracts worth RM55.19 million to supply electronic and mechatronics parts for Proton cars.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: MCE Holdings Bhd's wholly-owned subsidiary Multi-Code Electronics Industries (M) Bhd has secured contracts to supply electronic and mechatronics parts for a Proton car model.

OTHERSDECLARATION OF SINGLE TIER INTERIM DIVIDEND

Interim Dividend

Quarterly rpt on consolidated results for the financial period ended 31/01/2024

$MCEHLDG / 7004 (MCE HOLDINGS BERHAD)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSMCE HOLDINGS BERHAD ("MCE" OR THE "COMPANY")

PROPOSED DISPOSAL OF A PIECE OF FREEHOLD LAND BY VANTAGE REALM SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MCE, TO GRAND ASCENT SDN BHD FOR A CASH CONSIDERATION OF RM43,686,345 ("PROPOSED DISPOSAL")