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KLSE - Second Board - Industrial Products

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Abric	The Star 11/3/00 - subscribed to 505 new shares of US$1 each or 50.5% of US-based E-Comax.Com Inc (authorised capital of US$100,000). Through its 70% subsidiary E-Locked dotCom. The Star 21/2/00 - EPS 1999 33.7 sen; EPS 1998 52.0 sen; Down 35.2%.
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Globetronic	The Star 14/3/00 - Globetronics Technology Bhd (GTB) a leading integrated circuits producer, aimes to transform itself into a full-fledged global solutions provider this year. Its CEO Michael K.C. Ng said the group also hoped to produce many other exciting IT-based products of its own. "We have laid the necessary foundation to be a key player in semiconductor product design and other R&D activities in order to reap the rewards in the next one to two years", he said. He said the group had to move towards product design and R&D and provide e-manufacturing, ERP (Enterprise Resource Planning) and e-business solutions, particularly for small and medium-scale enterprises. The group is also eyeing a transer to the KLSE main board by December, after having fulfilled the three-year track record requirement. "The company has successfully completed the bonus issue to enlarge our paid-up capital to more than RM60mil and are ready for the main board listing," he said. The Star 21/2/00 - EPS 1999 70.01 (or 70.9 sen?) sen; EPS 1998 49.29; Up 42%. Pre-tax profit at RM29.8mil on a turnover of RM133mil.
Itronic (Industronic)	The Star 20/3/00 - See Pilecon The Star 4/3/00 - Integrated information technology (IT) porvider PDX Computers Sdn Bhd aims to be leading regional player in both computer hardware and software within the next three years. PDX would set up offices in Singapore, Australia and China to beef up its presence in those countries, said its group MD and CEO Peter Hill. He said PDX specialises in network integration, software development and enterprise resource planning (ERP) business solutions, had already begun discussions with several Japanese software companies to provide software integration solutions. The company also planned to market its electronic bill payment system to stockbroking houses in Singapore, as well as to corporations in China. He said PDX last year achieved a turnover of RM34mil, 10% of which came from software and system businesses in China. The remaining revenues were generated from local sales of computer hardware and software systems. The group hoped to achieve a turnover of RM50mil would be spent on research and development, and to expand its oversea operation. The Star 4/3/00 - Pilecon Engineering Bhd is in discussions with PDX Computers Sdn Bhd to provide financial support to the latter. This may result in Pilecon increasing its equity participation in PDX Computers with a view towardds assisting it to undertake information technology-related projects. PDX Computer is an associate company of Industronics Bhd, with the latter having a 26% stake in PDX. Pilecon said it currently had interest in the IT sector via its substantial investments in Industronics, whose group businesses include high-tech electronics and communications as well as IT. Through Industronics, Piliecon also has equity interests in PDX Computers which owns PDX Infoworld Sdn Bhd and PDX Biz-System Sdn Bhd.
Maemode	The Star 20/3/00 - EPS 1998 22.2sen, EPS 1999 28.4 sen, EPS 2000(forecast) 33.6 sen, EPS 2001(forecast) 44.2 sen. Maemode the leading automated materials handling and factory automation system provider, is gearing to take advange of the rapid demand for such systems in the manufacturing sector. It group managing drector said the industru is projected to grow at 20% per annum or at least 1.5 times of the manufacturing sector's. Of the toal market of some RM1bil a year in the local automated material handling market, Maemode is estimated to ahve 10% of the market share while imported equipment accounts for 85%. Mayban Securities in its research paper on the company said Maemode had consistently recorded pre-tax profit margin above 10% of its turnover and this should imporve as the company's export market continues to grow. Maemode plan to increase their export to between 40% and 45% in the next two to three year. Currently it is exporting about 35% of its production, with majority to China, Indonesia, Thailand, Singapore, Hong Kong, Mexico, the US and Sweden. Maemode has a strong in-house design and research team with a staff force of 40 professionals. Its tie-up with established companies in the automation business include Panasonic and Matsushita Motor Co Japan (for motor and drive system), SMC, Festo & CKD Co of Japan (pneumatic components), Maruyasu Kikai Co of Japan (conveyor system), Caryline AB of Sweden (chain conveyor), Nerak GmbH of Germany (circulating vertical conveyor), Siemens AG of Germany (motor), Okamura Co of Japan (warehousing), Elecon Engineering Co of India (scissor lift table) and Bando Chemical Industries Co of Japan (conveyor transmission belt).
Measurex	The Start 8/3/00 - Measurex Corp Bhd announced that the acquirors, Pentcost International Ltd and Eaton Drive Investments Ltd, have raised RM45mil for Measurex Holdings Pte Ltd (MH) to repay part of its inter-company balance of RM85mil due to Measurex Corp. (see message sent in by Whacker)
NIOI	The Star 21/2/00 - EPS 1999 11.61 sen; EPS 1998 7.05 sen; Up 64.7%.
Pensoni	The Star 4/3/00 - I-Bhd will be investing RM10mil in a soon-to-be-incorpared subsidiary which will be involved in manufacturing and sales of computer and computer-related peripherals. The company said in a statement that the investment would be generated from the proceeds of the disposal of its entire shares in Pensonic recently. Between Dec 12, 1999 and Feb 16, 2000, I-Bhd had disposed of its shares in Pensonic in the open market for RM12.7mil net cash. I-Bhd had on January 1998 acquired two million shares or 9.38% equity in second board listed Pensonic in the open market for RM9mil cash. Feb 00 - e-commerce initiatives - interested in developing internet business to distribute its household electronic products. The Star 21/2/00 - EPS 1999 12.89 sen; EPS 1998 7.24 sen; Up 78%.
Polymat	The Star 8/3/00 - Polymate Holdings Bhd has entered into a conditional sale and purchase agreement to acquire a 65% stake or 195,000 shares in Batec Ltd of Britain for 780,000 pound sterling (RM4.76mil) cash. At present, one of Polymate's wholly-owned subsidiaries Automotive Battery Industries Sdn Bhd exports about 15% of its total production to Batec Ltd. As Batec Ltd has an existing distribution network that is comprehensive and covers approximately 60% of Britain, Polymate believes that it will be able to gain significant benefits from the proposed acquisition. Batec chiefly imports and distributes automotive lead acid batteries in Britain and supplies automotive battery equipment and related components to battery manufacturing plants worldwide. The statement said the acquisition of the Batec stake would spearhead Polymate's further expansion into the international scene and give it access to the automotive battery market in other European countries.