Latest news with #MCE
New Straits Times
16 hours ago
- Automotive
- New Straits Times
MCE eyes growth on Perodua EV, US expansion: HLIB
KUALA LUMPUR: MCE Holdings Bhd is set to enter a multi-year growth phase on the back of a landmark Perodua electric vehicle (EV) contract and expansion into the United States, according to Hong Leong Investment Bank (HLIB) Research. HLIB Research has initiated coverage on MCE with a "Buy" call and a target price of RM2.40, valuing the stock at 15 times its mid-FY27 partially diluted earnings per share of 16 sen. The firm described the auto parts supplier as a resilient, scalable play on Malaysia's shift towards high-value automotive electronics and the global 'China + N' supply chain realignment. MCE's entry into the EV segment comes through a high-value contract with Perodua to supply infotainment and advanced driver assistance system (ADAS) components, with revenue per vehicle at around RM3,000, about ten times its typical value. "With Perodua targeting an affordable launch price, we estimate MCE's annual revenue from this programme could amount to between RM39.8 million and RM59.7 million annually, or 26 per cent to 38 per cent of FY24 revenue, making it a powerful earnings catalyst," HLIB Research said. HLIB Research added that the company is accelerating its global expansion with two US wins for Nasdaq-listed Dorman in the automotive aftermarket and Michigan-based JVIS, a supplier to major original equipment manufacturers. The firm said the JVIS deal involves two multi-year mechatronics supply contracts worth RM91.7 million over five years, adding about RM18.3 million annually. Beyond automotive, MCE is expanding into new growth areas via multiple joint ventures, including a tie-up with Hong Kong's Sounding Industries to produce non-automotive products at its Johor facilities. The company also partnered with China's Nanjing Chuhang to produce ADAS mmWave radars at its upcoming Serendah plant, along with Chery-linked suppliers Cheling and Atech for participation in Chery's Malaysian localisation programme. MCE also formed a joint venture with India's Abhishek Electronics to tap into the fast-growing Indian automotive market. HLIB Research projects MCE's core earnings to grow at a compound annual growth rate of 15.8 per cent with estimated earnings for FY25, FY26 and FY27 reaching RM20.2 million, RM21.4 million and RM27 million, respectively. "FY26 growth will be driven by contribution from Dorman and the non-auto segment starting in the first half of FY26, with a stronger lift in the second half from Perodua's EV supply. "FY27 will see the full-year EV impact, maiden JVIS contribution and scaling of Dorman and non-auto has a robust balance sheet with a net cash position of RM83.6 million, equivalent to 59.8 sen a share, around 42 per cent of market capitalisation," the firm added. HLIB Research said years of investment in engineering and technology now position MCE to ride structural shifts in Malaysia's automotive industry towards localisation, high-value electronics and EV adoption, while benefiting from global supply chain diversification. It added that the company offers a resilient, scalable play on the sector's long-term transformation, anchored by stable demand from Proton and Perodua, as well as expansion via high-margin electronics, exports and strategic JVs.
Business Wire
6 days ago
- Business
- Business Wire
MCE Introduces AI entrepreneur Alon Gilady as New Chief Operations Officer
TEL AVIV, Israel--(BUSINESS WIRE)--MCE Systems today announced the appointment of Alon Gilady as Chief Operations Officer (COO). Gilady, a seasoned AI and retail-tech entrepreneur, joins the executive team to help accelerate MCE's innovation roadmap and drive growth across global markets. 'I really see a huge opportunity here in the telecoms space for mobile operators to apply AI purposefully in customer-facing applications and get the kind of business-led results they've been looking for,' said Gilady. 'MCE's mission to improve the customer mobile device experience with AI really resonated with me and I believe their AI-led approach will help advance the industry to where it wants to go.' MCE's dDLM platform helps mobile operators better manage the customer's device-related experience over the period a customer owns their device (lifecycle) – from onboarding to in-life use to the moment they upgrade their device. The company leverages AI technology for several features within the platform's framework and during the lifecycle, highlighted by two notable solutions: 1. Agentic AI for personalization: MCE's Agentic AI solution for app chatbots empowers mobile operators to personalize digital customer interactions and create more valuable customer experiences that convert into better business outcomes. (See TELUS example) 2. Computer vision for app-focused service: MCE's cosmetic grading solution allows customers to remotely assess their device's objective value and execute trade-ins or purchase insurance outside of the initial 30 days without the need to visit a store. (See Vodafone example) Building on his past success, Alon will help drive the growth of MCE's existing AI-based product portfolio and the company's value proposition from the lens of innovation and expansion to new markets. Prior to joining MCE, Gilady was the co-founder and CEO of Renovai, an AI startup that developed an Agentic AI stylist for lifestyle ecommerce brands and retailers. Under his leadership, the company created a breakthrough platform for product recommendation, room- and outfit-styling – integrating a combination of computer vision, interior design logic and a recommendation engine. Renovai's solution supported major brands like Kmart, Temple & Webster and John Lewis to deliver personalized visual shopping experiences that boosted engagement and sales metrics. Gilady also helped secure multiple funding rounds, expand into international markets and form high-impact strategic partnerships. 'Alon brings a unique combination of startup spirit, AI product go-to-market expertise and a strong grasp of operational excellence,' said Yuval Blumental, CEO of MCE Systems. 'His experience scaling product-driven companies will be instrumental as we continue to grow our AI and device-related product portfolio and deliver next-generation solutions to the mobile device space worldwide.' About MCE Since 2005, MCE has been pioneering software and technology solutions for mobile operators and their partners in the telco and device ecosystem helping accelerate digital transformation of device-related journeys. Our mission is simple: Mobilize better Customer Experiences. We turn device-related headaches into competitive advantages with our end-to-end digital-first Device Lifecycle Management platform (dDLM). This AI-led, omnichannel platform delivers game-changing experiences across all device-related customer journeys – driving business velocity, margins, and NPS. MCE is a proven technology partner and highly acclaimed for its world-class products, innovation, and implementation through eleven straight gold awards – most notably at The Stevie Awards®.
The Star
6 days ago
- Business
- The Star
KL trade fair showcases evolution of trends in F&B sector
Chan (second left) visiting a booth after launching the Malaysian International Food and Beverage Trade Fair in Kuala Lumpur. FROM the hiss of espresso machines to the clink of wine glasses, the three-day Malaysian International Food & Beverage Trade Fair (MIFB) got off to a vibrant start at the Kuala Lumpur Convention Centre. Held from July 30 to Aug 1, the event drew a crowd of over 11,500 attendees including regional buyers, entrepreneurs, trade professionals, and media. Launched by Deputy Plantation and Commodities Minister Datuk Chan Foong Hin, the event returned under the theme 'Future-Ready F&B: Serving the Evolution of Trends,' cementing its place as a platform for innovation and growth in Malaysia's food and beverage sector. With more than 450 companies from over 40 countries showcasing their wares and solutions, this year's edition focused on technology, sustainability and scalability – three pillars that the organisers said were essential to meet the demands of a rapidly evolving consumer market. Chan said this year's theme captured the industry's transformation through its adaptation to consumer preferences, embrace of digitalisation, and sustainable innovation. He said events like MIFB were essential in shaping Malaysia's global F&B leadership by fostering innovation, elevating sustainability and enabling regional partnerships. A major highlight this year was the inaugural Malaysia Cafe Expo (MCE), a new feature celebrating the rise of cafe culture, from specialty coffee to artisanal food and service design. Organised in partnership with the Malaysia Specialty Coffee Association (MSCA), the expo hosted the Malaysia National Coffee Championship (MNCC) semi-finals, where Malaysia's top baristas vied for a shot at international glory. 'Our collaboration with MIFB through MNCC and MCE reflects the rise of Malaysia's specialty coffee scene, and provides a launchpad for local talent to reach global stages,' said MSCA president and Coffex Coffee chief executive officer Kelvin Ngow. Constellar group chief executive officer Chua Wee Phong said businesses must retool for transparency, traceability and tech adoption in today's fast-changing market. 'MIFB is a platform that helps them do just that,' said Chua. The Wine, Spirits & Beer Showcase, in partnership with Crafted, presented curated tastings and masterclasses that blended indulgence with education on craft production and market trends. At the Knowledge Hub, experts and industry players tackled topics such as artificial intelligence in food production, and sustainable packaging. MIFB also featured live culinary demonstrations by some of Malaysia's most celebrated chefs. Showcasing talent from top institutions and hotels, these chefs brought international flair and technical mastery to the event.
The Sun
30-07-2025
- Business
- The Sun
Malaysia's coffee market hits US$1.05 billion amid global supply challenges
KUALA LUMPUR: Malaysia's domestic coffee market has reached a valuation of US$1.05 billion, supported by over 6,400 cafes operating across the country. Deputy Plantation and Commodities Minister Datuk Chan Foong Hin highlighted the sector's growth while addressing external pressures affecting global supply chains. Speaking at the 24th Malaysian International Food and Beverage Trade Fair (MIFB 2025) and Malaysia Cafe Expo (MCE), Chan emphasised the need to expand local coffee cultivation. 'Strengthening our own production is the way to ensure the cafe economy continues to thrive while positioning Malaysia as a credible origin in the global coffee trade,' he said. Key coffee-growing regions in Malaysia include Pagoh, Johor, and Ranau, Sabah. Chan urged local planters to capitalise on the crop's potential, despite coffee not falling under his ministry's direct purview. Global coffee supply chains are under strain, with Brazil's 2024 Arabica harvest shrinking by 12% due to El Nino-induced droughts. Additionally, the Red Sea crisis has forced shipping reroutes, adding US$0.12 to US$0.15 per pound to coffee arriving at Port Klang. These disruptions have driven the International Coffee Organisation's composite price indicator up by 94.6% in just one year. Chan also noted the symbiotic relationship between coffee and bakery products, which rely heavily on palm-based ingredients like margarine, shortening, and cocoa butter equivalent (CBE). 'This reinforces how Malaysia's palm oil industry is deeply interwoven with the rise of coffee culture and the cafe economy,' he said. - Bernama
India Gazette
15-07-2025
- Business
- India Gazette
Indian Mining and Construction Equipment Industry expected to revive in H2 FY2026: ICRA
ANI 15 Jul 2025, 13:04 GMT+10 New Delhi [India], July 15 (ANI): Following a subdued start to FY2026, Rating agency ICRA projects a turnaround in the Indian mining and construction equipment (MCE) industry in the latter half of the year, driven primarily by renewed government-led capital expenditure. 'Given the observed weakness in domestic demand during Q1 FY2026--which is expected to persist into Q2 as monsoon conditions impact the construction sector--industry recovery hinges on the improved traction in H2 FY2026,' said Ritu Goswami, Sector Head, Corporate Ratings, report further reveals that the sector witnessed a muted performance in Q1 FY2026, with volumes dipping by 1 per cent year-on-year due to multiple headwinds, including early monsoons, unseasonal rainfall, and sluggish new project awards.'Early onset of monsoons and unseasonal rains in some regions of the country disrupted the construction and mining activities in Q1 FY2026, which is also reflected in the flattish production data reported by Coal India Limited (the India's largest miner) during this period vis-a-vis a year ago,' Ritu Goswami further believes that key government schemes such as the Jal Jeevan Mission (JJM), Pradhan Mantri Gram Sadak Yojana (PMGSY), and PM Awas Yojana-Gramin (PMAY-G) are set to receive increased attention and budgetary allocations under the 11.2 lakh crore capital expenditure plan announced in union budget for FY2025-26. This is likely to result in a revival in project execution and demand for reports also highlighted that, in Q1 FY2026, the growth of 31 per cent in exports was led by backhoe loaders, excavators and skid steer loaders, which cumulatively accounted for 76 per cent of the total exported volumes and saw a 34 per cent YoY earthmoving segment, which forms the bulk of domestic MCE demand, was particularly affected in Q1. Domestic volumes declined 4 per cent YoY, though exports offered some relief with a strong 31 per cent surge, led by backhoe loaders, excavators, and skid steer regulatory changes like CEV-V emission norms and rising input costs are expected to keep OEM margins under pressure, ICRA maintains its forecast of a 2-5 per cent volume growth for FY2026, translating to 1.43-1.47 lakh units. The long-term outlook remains positive, supported by strong export potential and a government-led infrastructure push. (ANI)
