Stockwatch

New Hoong Fatt  

THE alternative replacement equipment manufacturer has put up much stronger performance this year after three years of flat earnings. Its margins had enhanced significantly from recent acquisition of two companies and the group’s higher production volume has well mitigated the rising steel prices.It recently entered into a sale and purchase agreement to acquire an industrial land of about three acres for RM7.5mil in the vicinity of its current factories and head office in Kapar, Klang. This would allow for expansion and reorganisation of its operations to enhance efficiency.