Malaysia stock market and companies daily report (May 25, 2015)

Heveaboard Q1 Earnings Surge

- Heveaboard earnings surged 93 percent to RM14 million in 1Q15 ended 31 March 2015, boosted by improved performance in the particleboard sector.

- Revenue rose to RM116.4 million, a 11 percent increase from RM104.7 million in 1Q14 due to higher volume and higher average selling price from sales of higher grade, value added products and strengthening of US dollar during this period.

- Heveaboard mentioned that the global business environment was still full of uncertainties.

Significance: Heveaboard stated that the particleboard sector will continue to focus and develop higher margin products which are less price sensitive. The ready-to-assemble sector will continue to embark on further automation and producing wider range of higher value products.


KPJ Healthcare Eyes RM90 Million Health Tourism Revenue

- KPJ Healthcare aims to increase its revenue from health tourism to RM90 million this year from RM78 million in 2014.

- KPJ will continue to innovate and bring in new technology while expanding its services to meet patients’ needs.

- The rise in the number of medical travellers is attributed to the joint efforts by the Malaysian government and private hospitals and other agencies, making the Healthcare Key Economic Area an essential part of the Economic Transformation Programme.

Significance: The growth rate of income in the medical tourism industry had exceeded the 10th Malaysian Plan target by 10 percent every year and is expected to grow 15 percent annually, generating approximately RM2 billion by 2020. Under the Reinvigorating Healthcare Travel entry point project, six KPJ hospitals have been established as one-stop centres for healthcare travel.


Tan Chong Opens Largest Sales, Service And Spare Parts Centre

- Edaran Tan Chong Motor (ETCM) has launched its biggest sales, service and spare parts (3S) centre that costs RM25.5 million.

- The centre is a testament to ETCM’s philosophy of putting customers first as they continuously strive to provide comfort and convenience to their customers.

- ETCM chose to set up the biggest 3S centre in Johor Bahru because it is a promising area with a booming economy and over 28 percent of the company’s overall sales in 2014 were contributed by Johor.

Significance: ETCM had an extensive network of 100 showrooms including dealers, 60 Tan Chong Express Auto Service Workshops as well as 20 3S centres in Malaysia. ETCM targets to have between 30 and 40 more 3S centres in the country by 2018, with Kuala Lumpur, Sabah, Sarawak and Penang being the focus.

Contributed by Shares Investment