Thursday, June 12, 2008

GUH ... dated June 2008

What’s NEXT! … dated June 2008

It is embarking on a RM43 million capital investment at both its manufacturing plants in Bayan Lepas and Suzhou, China to boost the production of multi-layered and silver-through-hole printed circuit boards (PCBs).

The company also expand its investments in the plantation sector. Its existing investment in the 385-acre oil palm plantation in Sungai Petani has already started bearing fruit. Given that the long-term outlook of the oil palm industry remains positive, the group will step up its effort in expanding the division to a sizeable scale by acquiring suitable estates or companies.

They are looking at some plantations in East Malaysia and the east coast states to acquire between 3,000 and 5,000 acres, hopefully by next year (2009). They are looking at spending between RM60 million and RM150 million for the purpose.

Apart from PCBs, GUH is also involved in the trading of electrical goods and appliances as well as property development.

GUH had, in November 2007, decided to cease the manufacturing of electrical goods due to fierce competition, unsophisticated technology products and volatile raw material prices after that division posted a pre-tax loss of RM900,000 in FY07 versus a pre-tax profit of RM3.5 million in FY06.

Through its subsidiary, GUH Properties Sdn Bhd, the group is also actively involved in its flagship property development in Taman Bukit Kepayang which is strategically located adjacent to the Seremban interchange of the North-South Highway.

Financial Results …

For the financial year ended Dec 31 2007, the group’s turnover increased to RM298.1 million from RM274.3 million in FY06.

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