its good enuf, MCE has both proton and perodua contracts, its competitor betamek only has p2 and havent got contract since jun 2023, a 3 year contract is fine, cos cars usually facelift ard that time, now just seeing if they can win proton contract for their EV also, perodua and proton also not stupid, would want to have different supplier to lower risk of any supply chain issue or QC issue

I wud suggest u study and learn the basics of investing, how to analyse financial statement, do valuation and industry value chain & insights etc. Cos frm the way u ask, sounds like u don't knw much abt this company or investing, which means you're speculating aka gambling, investors dun focus on share price, they focus on fundementals and valuation

the result says drop in profit mainly due to higher expenses & higher effective tax rate. Mind to share what do you think about next qr result if happen another qr bomb like this ? given this PE15 and share price has gone up so much in 5 years if any other unexpected things happens. Thanks

Need ask the qs the high expenses and tax rate, is it a one off or persistent thing? PE 15 is not cheap but ask urself what mce do that deserve this abv average PE, if u can find reasons to justify then maybe it is stil reasonable valuation, as for vehicle sales figure, I suggest u follow msia automotive association TIV forecast, so far this year has been abv expectation, down frm last year but not as much as expected, but i wouldnt be distracted by macro, focus on the company

I think it's pretty good, not incredible since last year was a high base, operating profit this qr was ard 7m, up frm q3 but still below q1 and 2, overall FY24 is inline with my estimates, fy23 was a great year, so the fact that management can maintain ard the same profit levels by improving margins is a good sign, wud have been better if wasn't dragged by q3, overall solid results, moving forward the strengthening of myr against usd shud lower their COGS, further improving margins

The increase in civil servants salary will further boost p2 and p1 sales, but I think HLIND might benefit more cos motors are cheaper than cars, and based on their recent price rally, market ady trying to price in, dunno how market gonna react to result tmr, lets see

Pp is usually bad, cos result in dilution 10% is okay I guess any more and it's significant, but I dun like they doing pp cos better to either use debt or free cash flow, as for bonus issue, it's not really better or worst, ur shareholding % didn't increase, it's just share more liquid

There's no way to tell, AR just came out, usually can see in AR but the pp was after the AR was published, have to wait for next year AR, upcoming agm shud b able to see, but if no new substantial shareholder emerge, means that likely few diff buyer and all <5%

hard to say for sure, most auto parts business dun really have very good margin, if u noticed, most are single digit margin, indicating no pricing power, only special cases like pecca and feytech have like >20% margin, nhfatt is another 1 but they are tier 2 supplier, hence i passed on them, for me mce thesis is expansion both local and overseas (US and India), as for jhm, read a bit abt jhm, seems like the contract is supply lights, prob not a high margin contract, i wud prefer if MCE be more selective of their contracts that have better margins

surprise dividend is good (more than FY23, but i dun think can reach fy13 12sen), but qr is so so, revenue is down, which is a bad sign, cos i receive word that perodua has maxed our their capacity for cars, and wont b expanding due to slowing sales, in general TIV for 2025 will b lower than 2024, not to mention the elephant in the room, competition from chinese cars, also high likelyhood recession is coming, based on 10-2 yield curve, i wrote about it in detail on moomoo (moomoo ID: ultraboom), basically, i dunno enuf about or have enuf confidence this company can ride through it, esp given trump might start slapping tariff, which may or may not affect MCE, theres too many uncertainty ahead, i also have better ideas that have more upside while being cheaper, disclosure i dispose all my positions in MCE, even b4 the QR, which in hindsight, might have been better to delay a bit since i knw dividend is coming, but i also knw u cant time it perfectly, but i expect market to b neutral toward this tmr, might rally a bit cos of dividend, but prospects might b challenging

I wrote more analysis and thoughts on moomoo, i3 and klse forums tend to b toxic and cesspool like, full of stock punters that dun have much good discussions, or just full of ppl trying to pump and dump stocks