GUH ... Mar10

GUH Holdings Bhd plans to diversify into the healthcare, power generation and waste water treatment business this year and in 2011.

It would bid for waste water treatment projects in several cities in China in 2010 and hoped to secure at least one project. In 2010 they are looking to acquire more oil palm estates in the country to add to its existing 385 acres in Kedah. Next year, the group would explore the possibility of acquiring a healthcare business and bid for power generation projects in the Asean region.

This diversification is targeted at reducing its dependence on the printed circuit board (PCB) business, currently generating about 90% of the group’s revenue. Its aim is to cut the revenue contribution of the PCB segment to 75%. GUH had secured PCB orders till May 2010.

The group was looking to purchase more land in Penang and the Klang Valley for residential property projects.

The group would invest about RM30.3mil as capital expenditure for its operations in Suzhou, China and Malaysia. Next year they are looking at about RM23.4mil.

For the financial year ended Dec 31, 2009, the group posted RM50.4mil in net profit on RM272.8mil revenue, compared with RM24.7mil and RM292.7mil respectively in 2008.