Latest news with #UMediCGroupBhd
New Straits Times
2 days ago
- Business
- New Straits Times
UMC doubles production capacity with Batu Kawan factory expansion
GEORGE TOWN: UMediC Group Bhd (UMC) has increased its manufacturing capacity by doubling it with the unveiling of its expansion at Batu Kawan Industrial Park, Penang. In a joint statement today, the Malaysian Investment Development Authority (MIDA) and UMC said the new facility, unveiled on Aug 15, adds 20,000 square feet (sq ft) of production space to UMC's existing 30,000-sq-ft operation. "The expansion includes three major components, namely UMC Healthcare Centre, Rescue Medic Ambulance Services and UMC Learning Centre, and this growth represents a major commitment to Malaysia's healthcare future," according to the statement. MIDA chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said this achievement reflected UMC's strong vision and commitment to moving up the value chain, in line with national strategies such as the New Industrial Master Plan 2030 to drive innovation, diversification and high-value offerings. He added that UMC has evolved from a medical device manufacturer into an integrated healthcare provider by leveraging advanced technology, digital tools, and research and development (R&D). Additionally, the establishment of training centres and ambulance services enhances its market position while contributing to the improvement of Malaysia's healthcare industry. Present at the launch was State Executive Councillor for Youth and Sports Daniel Gooi Zi Sen. "UMC's success brings pride to Penang, boosts our economy and enhances the nation's global reputation," he said. UMC produces essential devices such as prefilled humidifiers, prefilled nebulisers, and asthma spacers, which are exported to about 40 countries. It is the first company globally to obtain halal certification for its prefilled humidifier. Beyond manufacturing, UMC also plays a vital role in the distribution of critical life support medical and laboratory devices, carrying global brands such as Philips, GE and AliveDx. UMC's offerings now include medical training, ambulance services, and the operation of healthcare centres, creating a comprehensive, integrated healthy supply chain. UMC CEO Eric Lim Taw Seong said the group of companies would continue to expand its coverage and offerings in different areas of the healthcare industry, in line with its vision to provide an integrated healthcare supply chain with advanced technology and improve the quality of human life.
The Sun
5 days ago
- Business
- The Sun
UMediC expands into medical services
PETALING JAYA: Penang-based UMediC Group Bhd, a medical devices marketing and distribution provider that also manufactures its own range of medical consumables, has launched a new business segment under medical services. The strategic venture into medical services is part of UMediC's vertical expansion into the medical healthcare services. UMediC is synergistic, leveraging its existing business offerings to enhance its scale and active presence among hospitals and local healthcare providers. The new segment will offer services such as a care centre providing post-recovery care, ambulance solutions equipped with the latest medical devices onboard, as well as establishing a learning centre offering training workshops to raise public awareness of medical healthcare and provide medical training to medical professionals. UMediC executive director and CEO Lim Taw Seong said that with the launch of its medical services, the company is transforming its business by delivering a comprehensive spectrum of healthcare solutions aimed at addressing the gaps and pain points among local healthcare providers. This includes the lack of capacity to cater to all patients, given that there are only a limited number of beds available. 'Rather than sending them home, we are offering them a place for post-surgical care, which also helps release the burden of working-class families who might not be able to tend to their needs. 'Aside from that, the ambulance service is also a key area that we have identified as a strong growth area for us, given that we can cross-sell to hospitals as a complete solutions offering equipped with our latest offerings under our marketing and distribution arm. 'Looking ahead, we see immense opportunities coming from this space. We expect to gradually see more contributions in tandem with the growing ageing population,' he said at the launching event today. Lim said that at the heart of UMediC's manufacturing strength is its state-of-the-art facility in Batu Kawan Industrial Park. The recent expansion with the addition of Plant 2 has increased total manufacturing space to over 50,000 square feet. Combined with the upcoming ISO 5 cleanroom and sophisticated blow-fill-seal equipment, this positions the company at the forefront of global medical device production. 'Our pioneering centre of excellence and halal-certified facilities, along with our footprint in nearly 40 countries, enable us to deliver life-saving products that meet the highest standards of quality and safety,' Lim said. In line with its growth strategy, UMediC has also expanded its role beyond manufacturing to provide direct services to end users. The UMC Learning Centre now offers professional medical training to ensure that personnel across the industry are equipped with the highest level of skills. UMediC's ambulance services are fully equipped to deliver rapid and high-quality care while integrating ambulance-specific medical products. Complementing these is the UMC Healthcare Centre, staffed by professional medical and nursing personnel, including visiting doctors. 'Much like how working parents rely on daycare centres for their children, our healthcare centre offers a safe and professional environment for patients during the day while their families are at work,' Lim explained. The launch was officiated by Penang State Exco for Youth, Sports and Health Daniel Gooi Zi Sen, Bukit Tambun State Assemblyman and Penang Development Corporation board membe Goh Choon Aik, UMediC chairman Datuk Seri Ng Chai Eng, Invest-in-Penang Bhd CEO Datuk Loo Lee Lian, UWC Bhd executive director and chief operating officer Datuk Lau Chee Kheong, Penang Mida director Muhammad Ghaddaffi Sardar Mohamed.
The Star
09-06-2025
- Business
- The Star
Distribution division to affect UMedic's profitability
PETALING JAYA: UMediC Group Bhd 's distribution division may continue to see soft earnings, which will drag the group's profitability lower for financial year 2025 (FY25) and the next two years. UMedic is involved in the marketing and distribution of branded medical and consumable devices, as well as the development, manufacturing and marketing of own brand medical consumables. In the third quarter ended April 30, 2025 (3Q25), it posted a profit after tax and minority interest (Patmi) of RM1.8mil. This result was below the consensus of research firms. Nine-month Patmi stood at RM5.4mil, down close to 20% year-on-year. According to Hong Leong Investment Bank (HLIB) Research, the negative deviation was mainly due to lower-than-expected revenue at UMedic's distribution division due to the lower appetite for medical devices and consumables. 'As such, we cut the FY25-FY27 profit forecasts by 10%/12%/11% respectively to reflect lower revenue assumption for its distribution division. 'Following three consecutive quarters of earnings underperformance, we have also decided to downgrade the stock to a 'hold' from a 'buy' with a lower target price of 43 sen from 69 sen before,' HLIB Research said in a report. On the other hand, the manufacturing division saw a strong rebound from the previous quarter, mainly supported by demand for respiratory-related products. 'Going forward, we believe the sales volume of respiratory products within the manufacturing division will be supported by global healthcare megatrends, particularly the growing ageing population. 'However, this positive outlook may be partially offset by ongoing uncertainty at the distribution division,' added the research firm. It said its revised 43 sen target price is based on a lower price-earnings multiple of 19 times, which is minus two standard deviations below its three-year mean. 'This is down from our previous valuation of 26.5 times average against its reduced 2026 earnings per share of 2.3 sen from 2.6 sen before. The lower valuation multiple reflects the series of profit disappointments and our more cautious outlook going forward,' said the research firm. Shares of UMedic were trading at 40 sen at the time of writing, down more than one-third since the start of the year.
The Star
05-06-2025
- Business
- The Star
UMedic expects rising demand for healthcare
UMediC said the government's continued focus on improving healthcare standards supports its ambitions to expand. PETALING JAYA: UMediC Group Bhd is optimistic about its growth outlook, backed by strategic initiatives and sustained demand in the healthcare sector, including facility upgrades, medical tourism, and efforts to ease overcrowding. In a filing with Bursa Malaysia, UMediC said the government's continued focus on improving healthcare standards supports its ambitions to expand. 'Given the Malaysian government's sustained commitment towards advancing the nation's healthcare standards, UMediC remains optimistic about its future growth trajectory,' the group said. The group posted a 20.3% rise in net profit to RM1.9mil for its third quarter ended April 30, (3Q25), from RM1.58mil a year earlier, despite a marginal revenue dip of 0.43% to RM11.64mil due to unfavourable forex movements. For the cumulative nine-month period (9M25), revenue fell 8.6% year-on-year to RM36.27mil while net profit slipped 5.2% to RM5.64mil.
