Latest news with #RM10m
Malaysian Reserve
28-07-2025
- Automotive
- Malaysian Reserve
Sunway launches Malaysia's 1st ZEEKR showroom, service centre
The move signals Sunway's growing stake in the EV market, with RM10m already invested and more showrooms planned across the country by SHAUQI WAHAB SUNWAY Trading & Manufacturing officiated the soft launch of Zeekr Space Sunway, alongside the unveiling of Malaysia's first official Zeekr service centre. Located in Sunway, the showroom and service centre aim to redefine electric vehicle (EV) ownership by offering a complete luxury electric experience — from customer engagement to aftersales support — under one roof. Speaking at the event, Sunway Trading & Manufacturing's CEO Yeoh Yuen Chee said the partnership with Zeekr Intelligent Technology Malaysia Sdn Bhd aligns with Sunway's broader vision of sustainable and smart mobility. The Zeekr Space Sunway showcases the brand's latest all-EVs, such as the sleek Zeekr 001 and the futuristic Zeekr X, models that have been making waves in global EV markets for their performance, luxury finishings and cutting-edge technology. These vehicles are powered by high-capacity batteries that deliver fast charging, long range and zero emissions — all while embodying the concept of uncompromised luxury. For Sunway, he said the launch is more than just a retail expansion — it reflects the Group's deeper mission to embed environmental, social and governance (ESG) values across all its verticals from property development and healthcare to education and now, mobility. Yeoh stressed that the Zeekr partnership is a natural extension of the group's sustainability roadmap, particularly its ambition to reach net-zero carbon emissions by 2050. 'By introducing Zeekr to Malaysia, we are taking a meaningful step toward accessible, practical and sustainable low-carbon mobility,' he added. He further stressed that the transition to EVs must go hand in hand with infrastructure development and collaboration with digital platforms and charging providers. The Zeekr Space Sunway is therefore positioned not only as a sales touchpoint but also as a core for EV ecosystem building in the Klang Valley and beyond. (From left) Zeekr Intelligent Technology Malaysia country manager Tay Ee Ran, Yeoh and Zeekr Intelligent Technology Malaysia GM Jason Wang at the launch recently This initiative echoes Sunway Group's legacy of integrating sustainable innovation across its business models — including green buildings, solar adoption and circular economy practices — and now adds premium electric mobility to that evolving portfolio. Speaking at the official launch of a new Zeekr showroom and service centre, Head of the Automotive Division, Marcus Chye highlighted the group's strategic alignment with sustainability and EV infrastructure. 'We are heavily invested in Zeekr and this is proof of it,' he commented. He stated that almost RM10 million investment was poured into the new 10,000 sq ft showroom and service facility, which features four service bays and is expandable to double its current size. The facility is equipped with both alternating current (AC) and direct current (DC) charging stations and forms part of Sunway's broader plan to integrate EV mobility into its property ecosystem. The EV strategy is anchored in Sunway's commitment to ESG principles, with its developments already hosting what he claimed to be the highest number of JomCharge charging stations in the country. 'It's not just about the car, but it's also about the infrastructure. We have very good partners like JomCharge. Sunway properties probably have got the most JomCharge chargers in the whole of Malaysia,' he opined. Sunway has so far put 600 Zeekr vehicles on Malaysian roads, with the premium 009 model making up 80-90% of sales and the more affordable Zeekr 7X expected to take the lead moving forward. Expansion is firmly on the agenda, with Johor's Sunway Iskandar Puteri identified as the next showroom location within the next two months, followed by plans to move into Ipoh and eventually Penang. Despite challenges such as range anxiety and infrastructure limitations, Chye expressed optimism about Malaysia's EV future. 'As soon as you start using an EV car and drive it every day, you start to find out that this is really what you want to drive,' he argued. Sunway Marketing is now offering customers a chance to win a brand-new Zeekr X Premium in the 'Win-a-Zeekr' Customer Appreciation Contest 2025. This article first appeared in The Malaysian Reserve weekly print edition
The Sun
10-07-2025
- Entertainment
- The Sun
33-year-old from Selangor wins RM14.6 mil Sports Toto jackpot
A 33-year-old project manager from Selangor just became RM14.6 million richer after striking the Power Toto 6/55 jackpot on July 6 — and he credits his win to none other than his girlfriend. The man revealed he had been playing the same set of numbers — 4, 8, 11, 18, 20, and 29 — for the past three years. The secret? They were inspired by both his and his girlfriend's MyKad digits. 'I've always stuck to these numbers and would even buy eight draws in advance,' STM Lottery quoted him as saying on Thursday (July 10). The sentimental combo paid off big time. When he saw the results last Sunday, he was so shocked he couldn't sleep all night. The next day, he quietly made his way to STM Lottery's office to claim his jaw-dropping RM14,628,701.20 prize. 'I didn't tell anyone at first. I needed time to process the fact that I'd just become a multi-millionaire overnight,' he admitted. So, what's next for the lucky winner? No wild spending sprees here. He plans to channel his fortune into 'smart investments' to secure his future. Talk about a lucky love story! ALSO READ: Banker hits RM10m jackpot with 'God-sent' numbers combo 'Luckily I followed the inner voice' - 25-year-old wins RM6.2 million Toto jackpot
Yahoo
03-06-2025
- Business
- Yahoo
Tiong Nam Logistics Holdings Berhad's (KLSE:TNLOGIS) Shareholders Have More To Worry About Than Only Soft Earnings
A lackluster earnings announcement from Tiong Nam Logistics Holdings Berhad (KLSE:TNLOGIS) last week didn't sink the stock price. Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We can see that Tiong Nam Logistics Holdings Berhad received a tax benefit of RM10m. It's always a bit noteworthy when a company is paid by the tax man, rather than paying the tax man. Of course, prima facie it's great to receive a tax benefit. However, the devil in the detail is that these kind of benefits only impact in the year they are booked, and are often one-off in nature. In the likely event the tax benefit is not repeated, we'd expect to see its statutory profit levels drop, at least in the absence of strong growth. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Tiong Nam Logistics Holdings Berhad. Tiong Nam Logistics Holdings Berhad reported that it received a tax benefit, rather than paid tax, in its last report. As a result we don't think its profit result, which includes that tax-boost, is a good guide to its sustainable profit levels. Therefore, it seems possible to us that Tiong Nam Logistics Holdings Berhad's true underlying earnings power is actually less than its statutory profit. But on the bright side, its earnings per share have grown at an extremely impressive rate over the last three years. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. When we did our research, we found 3 warning signs for Tiong Nam Logistics Holdings Berhad (1 is a bit unpleasant!) that we believe deserve your full attention. This note has only looked at a single factor that sheds light on the nature of Tiong Nam Logistics Holdings Berhad's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. 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. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
22-04-2025
- Business
- Yahoo
Here's What's Concerning About Cnergenz Berhad's (KLSE:CNERGEN) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think Cnergenz Berhad (KLSE:CNERGEN) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Our free stock report includes 4 warning signs investors should be aware of before investing in Cnergenz Berhad. Read for free now. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Cnergenz Berhad: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.061 = RM10m ÷ (RM199m - RM33m) (Based on the trailing twelve months to December 2024). So, Cnergenz Berhad has an ROCE of 6.1%. In absolute terms, that's a low return and it also under-performs the Electronic industry average of 12%. View our latest analysis for Cnergenz Berhad While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Cnergenz Berhad has performed in the past in other metrics, you can view this free graph of Cnergenz Berhad's past earnings, revenue and cash flow. In terms of Cnergenz Berhad's historical ROCE movements, the trend isn't fantastic. Around five years ago the returns on capital were 48%, but since then they've fallen to 6.1%. Given the business is employing more capital while revenue has slipped, this is a bit concerning. This could mean that the business is losing its competitive advantage or market share, because while more money is being put into ventures, it's actually producing a lower return - "less bang for their buck" per se. On a related note, Cnergenz Berhad has decreased its current liabilities to 16% of total assets. That could partly explain why the ROCE has dropped. Effectively this means their suppliers or short-term creditors are funding less of the business, which reduces some elements of risk. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money. In summary, we're somewhat concerned by Cnergenz Berhad's diminishing returns on increasing amounts of capital. Long term shareholders who've owned the stock over the last year have experienced a 48% depreciation in their investment, so it appears the market might not like these trends either. With underlying trends that aren't great in these areas, we'd consider looking elsewhere. Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 4 warning signs for Cnergenz Berhad (of which 1 shouldn't be ignored!) that you should know about. While Cnergenz Berhad may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. 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. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Here's What's Concerning About Cnergenz Berhad's (KLSE:CNERGEN) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think Cnergenz Berhad (KLSE:CNERGEN) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Our free stock report includes 4 warning signs investors should be aware of before investing in Cnergenz Berhad. Read for free now. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Cnergenz Berhad: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.061 = RM10m ÷ (RM199m - RM33m) (Based on the trailing twelve months to December 2024). So, Cnergenz Berhad has an ROCE of 6.1%. In absolute terms, that's a low return and it also under-performs the Electronic industry average of 12%. View our latest analysis for Cnergenz Berhad While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Cnergenz Berhad has performed in the past in other metrics, you can view this free graph of Cnergenz Berhad's past earnings, revenue and cash flow. In terms of Cnergenz Berhad's historical ROCE movements, the trend isn't fantastic. Around five years ago the returns on capital were 48%, but since then they've fallen to 6.1%. Given the business is employing more capital while revenue has slipped, this is a bit concerning. This could mean that the business is losing its competitive advantage or market share, because while more money is being put into ventures, it's actually producing a lower return - "less bang for their buck" per se. On a related note, Cnergenz Berhad has decreased its current liabilities to 16% of total assets. That could partly explain why the ROCE has dropped. Effectively this means their suppliers or short-term creditors are funding less of the business, which reduces some elements of risk. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money. In summary, we're somewhat concerned by Cnergenz Berhad's diminishing returns on increasing amounts of capital. Long term shareholders who've owned the stock over the last year have experienced a 48% depreciation in their investment, so it appears the market might not like these trends either. With underlying trends that aren't great in these areas, we'd consider looking elsewhere. Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 4 warning signs for Cnergenz Berhad (of which 1 shouldn't be ignored!) that you should know about. While Cnergenz Berhad may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. 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.
