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Shares of second board-listed Hirotako Holdings Bhd were traded limit-up early yesterday morning on news that the company would likely be the sole beneficiary of the Government's latest ruling that new national cars must have safety devices.
THE new government ruling requiring Proton and Perodua cars to be fitted with airbags for the protection of drivers and rear seatbelts is seen benefiting Hirotako Holdings Bhd, currently the country's only seatbelt and airbag manufacturer.
TC Euro Cars Sdn Bhd, the distributor of I>Renault/Icars and a subsidiary of Tan Chong Motor Holdings Bhd, is confident of better sales of the seven-seater 2.0 I>Grand Scenic/Irange amid increased demand for multi-purpose vehicles (MPVs) among Malaysians.
UMW Toyota Motor Sdn Bhd had sold 8,860 Toyota I>Vios/Isince the launch of the sub-compact car in the middle of June last year and in the process captured a 49% share of the 1.4-1.5-litre non-national passenger car category.
The Penang electronics and electrical (EE) industry, optimistic of a positive turnaround in the 2nd half of 2003, is poised to tap market opportunities arising from the rebound.