revenue growth

 
 

Taiwan chip ‘godfather’ bullish on cryptocurrency despite volatility

TAIPEI, Jan 18 — The revered head of Taiwan’s semiconductor giant said cryptocurrencies would be a key driver for growth despite a bitcoin slump due to the threat of stricter regulations. Morris Chang’s Taiwan Semiconductor Manufacturing…


ECS expects Thunderobot to boost revenue growth

KUALA LUMPUR: ECS ICT Bhd which expanded its ICT products distribution portfolio after its wholly owned subsidiary ECS ASTAR Sdn Bhd was appointed as the sole distributor for the Thunderobot gaming computers and accessories in Malaysia, expects the distributorship to grow the group’s revenue for 2018.

The group’s CEO Soong Jan Hsung said in a statement that the addition of four new Thunderobot product offerings namely the DINO, 911 GT, ST Plus and 911 SE to the existing distribution portfolio will enlarge ECS’ product offerings and increase the group’s revenue for 2018.

Thunderobot computers will be available at authorised ECS retailers nationwide in Malaysia as well as the online branded stores on popular e-commerce websites.

The company will be the first company to offer the products.

“Southeast Asia is the fastest growing region for the e-Sports scene at a Compound Annual Growth Rate of 36.1% between 2015-2019, reaching 19.8 million of e-Sports enthusiasts.

“Tapping on the lucrative world of digital gaming, Malaysia has plans to host the Malaysia Cyber Games 2018 as well as prep for the 2022 Asian Games to boost the presence of e-Sports in the country.

“Hence, ECS Malaysia, being the first in SouthEast Asia to offer Thunderobot computers, will be able to ride along the e-Sports wave,” said Soong.

The products does not only cater to the gaming crowd, but also serves as graphic workstations for architectural and design professions, given its ability for heavy duty performance.


ECS ICT expects Thunderobot deal to boost revenue growth

KUALA LUMPUR: ECS ICT Bhd which expanded its ICT products distribution portfolio after its wholly owned subsidiary ECS ASTAR Sdn Bhd was appointed as the sole distributor for the Thunderobot gaming computers and accessories in Malaysia, expects the distributorship to grow the group’s revenue for 2018.

The group’s CEO Soong Jan Hsung said in a statement that the addition of four new Thunderobot product offerings namely the DINO, 911 GT, ST Plus and 911 SE to the existing distribution portfolio will enlarge ECS’ product offerings and increase the group’s revenue for 2018.

Thunderobot computers will be available at authorised ECS retailers nationwide in Malaysia as well as the online branded stores on popular e-commerce websites.

The company will be the first company to offer the products.

“Southeast Asia is the fastest growing region for the e-Sports scene at a Compound Annual Growth Rate of 36.1% between 2015-2019, reaching 19.8 million of e-Sports enthusiasts.

“Tapping on the lucrative world of digital gaming, Malaysia has plans to host the Malaysia Cyber Games 2018 as well as prep for the 2022 Asian Games to boost the presence of e-Sports in the country.

“Hence, ECS Malaysia, being the first in SouthEast Asia to offer Thunderobot computers, will be able to ride along the e-Sports wave,” said Soong.

The products does not only cater to the gaming crowd, but also serves as graphic workstations for architectural and design professions, given its ability for heavy duty performance.



PC Shipments Rise for the First Holiday Quarter in Six Years

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Demand for personal-computers rose over the holiday season for the first time in six years, buoyed by commercial upgrades and pockets of improving consumer demand. Although shipments declined slightly overall in 2017, it still marked the most stable year the market has seen since 2011, IDC said in a report Thursday. PC manufacturers shipped 70.6 million units in the fourth quarter, compared with 70.1 million a year earlier and beating IDC’s own forecast for a 1.7 percent decline. The increase, which follows a 0.6 percent gain in the prior quarter,Read More


Analysts maintain cautious view on UMW Aerospace

KUCHING: Analysts who recently visited UMW Holdings Bhd’s (UMW) Aerospace Rolls-Royce fan case manufacturing plant have left their cautious view unchanged due to the group’s mixed prospects. As per UMW’s website, UMW Aerospace Sdn Bhd (UMW Aerospace) signed a 25 plus five year agreement with Rolls-Royce Plc (Rolls-Royce) on August 12, 2015 to manufacture and […]


Ewein MD remanded by MACC

PETALING JAYA: Ewein Bhd confirmed today that its managing director Datuk Ewe Swee Kheng has been remanded by the Malaysian Anti-Corruption Commission (MACC) to facilitate and assist in an investigation.

Ewein noted that based on newspaper reports, the investigation is being conducted under the MACC Act 2009 for matters relating to the Penang Undersea Tunnel project.

“The board of directors would like to clarify that neither Ewein nor its subsidiaries are involved in the Penang undersea tunnel project.

“We do not expect this to have any operational, management or financial impact on the company as the deputy managing director Chuah Poh Lim will continue to run Ewein group’s business as usual,” Ewein said in a stock exchange filing today.

The company added that it will make announcements on any further material development in the MACC investigation.

Last August, Ewein’s subsidiary Ewein Zenith II Sdn Bhd scrapped its plan to buy a piece of freehold land that the Penang government had given to Consortium Zenith Construction Sdn Bhd (CZ) as payment for CZ’s work on the Penang undersea tunnel project and three related roads.

Ewein’s share price closed down 2 sen or 4.25% to 45 sen today with 2.72 million shares done.

Meanwhile, shares of Vertice Bhd, formerly known as Voir Holdings Bhd, slumped as much as 13.8% today following news of the MACC probe into the Penang undersea tunnel project.

At market close, Vertice’s share price was down by 9 sen or 8.3% to RM1 with some 4.98 million shares done.

Vertice was quick to make a filing with the stock exchange assuring investors that its 13.2%-owned associate Consortium Zenith Construction Sdn Bhd will remain the main contractor for the project as previously planned.

The company added that the MACC investigation will not impact the progress of the project, which is an integral component of the Penang Transport Master Plan.

Vertice highlighted that it is not expecting recent developments to affect its financial performance, saying that the main revenue growth driver will be its wholly-owned subsidiary Vertice Construction Sdn Bhd, which has bagged multiple projects worth more than RM100 million in recent months.

“We expect that this growth momentum will continue in the financial year 2018 and beyond,” it said.

On Tuesday, the anti-graft body conducted a large scale raid on Consortium Zenith and several companies working on the project as well as the Penang state government agencies including the State Secretariat Office, Public Works Department as well as Land and Minerals Department.

Two company directors have been detained and remanded in Putrajaya and Penang magistrate’s courts in connection with the case.

The RM6.3 billion undersea tunnel project linking the island and the mainland was initiated two years ago and a final decision has yet to be made.


Affin Hwang downgrades Pavilion REIT to ‘hold’

  KUALA LUMPUR: Affin Hwang Capital Research downgraded Pavilion REIT to Hold with a lower price target of RM1.70 after incorporating its revised earnings forecasts and higher cost of equity. The research firm said Pavilion KL Mall’s continued revenue growth in 2017-19E may be full offset by increases in operations and maintenance costs, resulting in flat net profit income i 2017-18E, said Affin Hwang Capital Research. It added that its expects Da Men Mall to report weaker results in 2018-19E in view of challenging market conditions and high number ofRead More


Century Logistics offers exposure to parcel delivery in medium to long term

KUCHING: Century Logistics Holdings Bhd (Century Logistics) offers exposure to parcel delivery, which will ride on the growing importance of e-commerce, analysts observe. According to the research arm of Maybank Investment Bank Bhd (Maybank IB Research), growth in the medium term will come from Century Logistics’ venture into the fast-growing e-commerce space and parcel delivery […]


AmBank Group to cut jobs via MSS

KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) has launched a mutual separation scheme (MSS) for its employees in a bid to improve efficiency and get…