TSM Global Bhd... Aug 2008

This sound like IBM backup product.

TSM supplies wire harness, automotive accessories, high tension ignition cable sets and PVC wires and cables. Perodua contributes 30%-33% to the group’s revenue. It also supplies its products to Korean makes, including Inokom, and Daihatsu.

Motor vehicle parts maker TSM Global Bhd is cautiously optimistic on its outlook, leveraging on the expected continuing strong demand for Perodua’s Myvi and Viva.

Compact cars like the Myvi and Viva are very much in demand due to the increase in fuel prices, with Myvi having the lead in sales.

TSM had been facing rising production cost due to the increase in raw materials but it had been able to pass through the rising cost to its customer.

Financial Results … TSM posted a nearly fourfold jump in net profit to RM6.93 million in the its first quarter ended April 30, 2008 from RM1.78 million a year earlier, while revenue rose 52% to RM66.81 million from RM44.08 million.