Latest news with #KimTeckCheongConsolidatedBerhad
Daily Express
3 days ago
- Business
- Daily Express
How Kim Teck Cheong Consolidated Berhad became a regional player
How Kim Teck Cheong Consolidated Berhad became a regional player GUIYANG: (China): Malaysia–China Chamber of Commerce (MCCC) Sabah President Datuk Dexter Lau said sustainable growth demands a clear business model and executable strategies, not just passion and ideas alone. The seasoned businessman, who is also Kim Teck Cheong Consolidated Berhad Chief Executive Officer shared this hard-earned wisdom during his keynote address at the recent Trade Connectivity and Global Expansion High-Level Forum. Advertisement The forum was held in conjunction with the 15th Malaysia–China Entrepreneurs Conference held in Guiyang, the capital of Guizhou Province, in China. Speaking to nearly 1,000 government and business leaders from Malaysia, China and other countries, Dexter recounted a pivotal moment from his time studying at the prestigious Wharton School of the University of Pennsylvania. SPONSORED CONTENT A professor there told him bluntly he was not yet ready to be an entrepreneur because he was focused on what he wanted to do rather than on profitability, returns and business expansion. 'That taught me an important lesson,' Dexter said. Advertisement He used his own company's journey as an example of how businesses can transform themselves detailing how Kim Teck Cheong (KTC) evolved from a local Sabah enterprise into a regional fast-moving consumer goods (FMCG) powerhouse by seizing opportunities in trade connectivity and pursuing global expansion. Dexter said represents not just Sabah, but the entire island of Borneo, which includes Sabah, Sarawak and Brunei and pointed out how Borneo's strategic importance in regional trade and international cooperation. Advertisement With KTC approaching its 100th anniversary in just 12 years, Dexter has set his sights on preparing the next generation. His vision is clear, to cultivate and mentor the Dexter family's fourth-generation leadership to ensure the business remains strong for the next century. 'Expanding globally is no longer a choice, it is a must. 'That is why KTC has already taken this step. We are here to share with everyone how we achieved it, how we are doing it today and where KTC will be heading in the years ahead,' he said. He said global expansion is not simply about reaching more markets. Instead, it is about building a solid foundation for long-term growth and preparing future generations to effectively manage the company while continuing to deliver value to shareholders, employees and society. He said human capital forms the foundation of any enterprise, while corporate social responsibility represents both a moral obligation and a smart business investment. He argued that true 'win-win' outcomes in business go beyond just increasing sales volumes. Instead, they must be built on sustainable practices that strengthen local influence, expand trade networks and deliver long-term benefits to all parties involved. Given the current business environment with multilateral trade agreements like the Regional Comprehensive Economic Partnership rapidly improving infrastructure across Southeast Asia, and accelerating digital transformation, Dexter urged businesses to act decisively. He outlined four strategic areas that companies should focus on to secure a strong position in the global marketplace namely localisation, digital technology, strategic partnerships and sustainability. The conference took on a personal touch when Dexter's mother, Datin Lim Fook Len, attended the event to support her son and the MCCC Sabah delegation. This gesture highlighted the family values that underpin the business leader's approach. The forum also featured other prominent speakers including professors from Malaysian and Chinese universities, as well as executives from major corporations. The session was moderated by veteran Malaysian business leader Datuk Tan Yee Boon.
Daily Express
13-06-2025
- Business
- Daily Express
Kim Teck Cheong Consolidated Berhad plans RM100 million Industrial Park
Published on: Friday, June 13, 2025 Published on: Fri, Jun 13, 2025 Text Size: Lau said the strategic investment marks a major milestone in the group's five-year expansion plan and will position KTC as the region's largest FMCG distribution center, serving markets across Sabah, Sarawak, Brunei and Indonesia. Kota Kinabalu: Kim Teck Cheong Consolidated Berhad (KTC), a leading fast-moving consumer goods distributor in East Malaysia, has acquired 15 acres of land worth RM40 million at Kota Kinabalu Industrial Park KKIP to develop its largest integrated operations and manufacturing hub. The KTC Industrial Park represents a total investment of RM100 million and is expected to expand the company's operational capacity by 40 per cent while boosting revenue projections to between RM1.5 billion and RM1.6 billion. Advertisement Executive Director Datuk Dexter Lau said the strategic investment marks a major milestone in the group's five-year expansion plan and will position KTC as the region's largest FMCG distribution center, serving markets across Sabah, Sarawak, Brunei and Indonesia. 'This development will significantly enhance our logistics capabilities and operational efficiency while creating 500 new jobs, with priority given to hiring locals from underprivileged backgrounds,' he said in a statement, here, Wednesday. The Bursa Malaysia main market-listed company has already surpassed RM1 billion in revenue as of June 2025, operating from a current footprint of 500,000 square feet. Construction of the industrial park will commence soon, with the facility expected to strengthen KTC's supply chain ecosystem across East Malaysia. Additionally, KTC's board has approved a RM10 million investment in Sarawak, targeting a combined 50 per cent revenue growth in East Malaysia over the next two to three years. The company aims to reach a workforce of 2,000 employees across Malaysia and Brunei within the year. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
11-06-2025
- Business
- Daily Express
KTC to build RM100 million industrial park at KKIP
Published on: Wednesday, June 11, 2025 Published on: Wed, Jun 11, 2025 Text Size: KOTA KINABALU: Kim Teck Cheong Consolidated Berhad (KTC) has acquired RM40 million worth of land at Kota Kinabalu Industrial Park to develop its largest integrated operations, logistics, and manufacturing hub. The KTC Industrial Park will expand the company's operational base by 40 per cent and is projected to boost annual revenue to between RM1.5 billion and RM1.6 billion. Advertisement KTC Executive Director Datuk Dexter Lau (pic) said the development will enhance warehousing, transportation, and supply chain infrastructure to serve markets in Sabah, Sarawak, Brunei, and Indonesia. Construction of the RM100 million project will begin soon, with 500 new jobs expected, prioritising employment for locals from underprivileged backgrounds. Lau also announced a RM10 million investment in Sarawak and confirmed KTC has surpassed RM1 billion in revenue, aiming to grow its East Malaysia business by 50 per cent in the next three years. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
11-06-2025
- Business
- Borneo Post
KTC acquires RM40 million land at KKIP to develop largest integrated hub
Dexter Lau KOTA KINABALU (June 11): Kim Teck Cheong Consolidated Berhad (KTC), a leading fast-moving consumer goods distributor in East Malaysia, has successful acquired land valued at RM40 million at Kota Kinabalu Industrial Park (KKIP) for the development of KTC Industrial Park, the Group's largest integrated hub for operations, logistics and manufacturing. The latest investment is poised to expand KTC's existing operational base by 40 percent, while revenue is expected to surge by extra 50 percent. This strategic move will drive the KTC's annual turnover to the tune of RM1.5 billion to RM1.6 billion, further solidifying its position as a leading company in Sabah, East Malaysia and Borneo Island. KTC Executive Director Datuk Dexter Lau said this strategic investment marks a significant milestone in the group's long-term growth strategy and is set to support its expansions over the next five years. The newly acquired land is situated in a high-growth industrial zone and will serve as the foundation for KTC's future developments in warehousing, logistics infrastructure, transportation fleet, and operational facilities. This expansion is expected to enhance operational efficiency, streamline supply chain capabilities, and further strengthen the Group's presence in both existing and new markets across Malaysia. The KTC Industrial Park is set to become one of the largest FMCG distribution centres in the region, designed to efficiently serve markets across Sabah, Sarawak, Brunei and Indonesia. 'This investment is a strategic move that position us for sustainable growth. As we continue to upscale our operations, this land will provide the space and infrastructure needed to meet growing demand to serve our business partners effectively,' said Lau. He emphasized that the acquisition is aligned with KTC's mission to build long-term value through operational excellence and strategic foresight. The new KTC Industrial Park will significantly enhance the Group's logistics capabilities, enabling it to meet the increasing demand for FMCG products across multiple regions. 'This development not only reflects our commitment to operational excellence and regional economic growth, but is also expected to create job opportunities and drive the expansion of a broader supply chain ecosystem in East Malaysia and surrounding regions.' Lau also revealed KTC has already surpassed RM1 billion in revenue as of June this year, and is continuing on a strong growth trajectory. He shared that KTC's total operational area currently spans 500,000 square feet. With the development of the KTC Industrial Park on the newly acquired 15-acre land in KKIP, the Group's operational base will increase significantly by 40 percent, while its revenue is projected to grow to RM1.5 billion to RM1.6 billion. 'We will begin construction of the KTC Industrial Park in KKIP as soon as possible, with a total investment of RM100 million. 'The industrial park is expected to create 500 new jobs. We will prioritize on hiring locals from disadvantaged backgrounds to support the government's poverty eradication efforts.' Lau also disclosed that the KTC Board of Directors has approved an additional RM10 million investments in Sarawak in the same period. As a result, KTC's revenue is expected to grow by an overall of 50 per cent in East Malaysia – 40 percent in Sabah and 10 percent in Sarawak – over the next two to three years. As a Main Market listed company on Bursa Malaysia, KTC currently has a workforce of 2,000 across Sabah, Sarawak, Brunei and Peninsular Malaysia, and remains one of the leading companies in Sabah.
Yahoo
21-05-2025
- Business
- Yahoo
Kim Teck Cheong Consolidated Berhad Third Quarter 2025 Earnings: EPS: RM0.004 (vs RM0.007 in 3Q 2024)
Revenue: RM293.7m (up 9.3% from 3Q 2024). Net income: RM2.44m (down 45% from 3Q 2024). Profit margin: 0.8% (down from 1.7% in 3Q 2024). The decrease in margin was driven by higher expenses. EPS: RM0.004 (down from RM0.007 in 3Q 2024). We've discovered 3 warning signs about Kim Teck Cheong Consolidated Berhad. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Kim Teck Cheong Consolidated Berhad's share price is broadly unchanged from a week ago. Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Kim Teck Cheong Consolidated Berhad (1 doesn't sit too well with us) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
