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Meanwhile, the Processing & Trading of Wood segment stayed profitable with a modest RM91,000 profit. However, this was a sharp decline from RM650,000 in the same quarter last year, caused by weaker demand for logs and rising diesel prices that increased transportation and logging expenses.
The company’s two core segments delivered mixed results, with Furniture facing major challenges while the Wood division remained marginally profitable.
The Manufacturing & Trading of Furniture segment recorded a loss before tax of RM4.8 million, mainly due to high ocean freight costs, geopolitical uncertainties, and the strengthening of the Ringgit against the US Dollar, which reduced export profitability.
That 40 sen target look very steady since the buying pressure keep holding up nicely. If the volume continue sustain like this, no problem to hit that price level soon.
Meanwhile, Contract Revenue contributed RM4.04 million through underground cable laying and engineering services handled by its subsidiary, Sediacom. The Trading segment remained relatively small, contributing RM0.29 million from fiber optic cables and related products.
Master Tec’s revenue is primarily driven by its Manufacturing segment, which is the company’s main growth engine. This division generated RM86.83 million and recorded over 36% year-on-year growth, fueled by strong demand for power cables from infrastructure, utility, and renewable energy projects.
ASM ecosystem play is super solid because as that industrial hub grow big, the order book naturally follow suit for long term gain. You just need patience for the organic demand to kick in and push the valuation higher lah.
Minox saw strong growth in its Semiconductor segment, with revenue surging from RM200k to RM928k as the company expanded its high-purity tubes and fittings business. Meanwhile, its export landscape shifted significantly: Indonesia became the Group’s largest export market at RM3.19 million, overtaking Singapore, whose revenue fell sharply from RM3.75 million to RM1.42 million. Malaysia remained a stable contributor with RM2.83 million in revenue.
