On Nov 15, MSM International : 5QR 0% (MSM) executive director and CEO Chan Wen Chau acquired 1.5 million shares of the Catalist-listed company at 2.8 cents per share. This increased his direct interest in the integrated metal engineering company from 2.85 per cent to 3.13 per cent. Acquired in a married deal, the transaction of 1.5 million shares represented the highest daily trading volume for the stock since 2010.

 

MSM offers a comprehensive suite of services spanning design, product development, prototyping, tool & die fabrication, production, and assembly.

 

Chan spearheads the expansion and growth of the group and is responsible for overall business and strategic development, corporate planning, operations, and management. Closely involved in all levels of operation of the group, he was appointed a director of the company in October 2009.

 

On November 9, MSM reported H1FY24 (ended Sep 30) revenue of RM44.0 million, an increase of 10.7 per cent from H1FY23. This was mainly due to the increase in revenue from the cleanroom and laboratories segment by RM4.6 million, offset with the decrease in revenue by F& B segment of approximately RM0.4 million.

 

The better performance of cleanroom and laboratories segment was due to resumption of few projects which were put on hold or postponed in the prior year. For its FY23, MSM recorded a 3.3 per cent improvement in revenue from FY22.

 

Through its 270,000 sq ft of specialised production space in Malaysia and Indonesia, MSM provides solutions to customers in Asia and Europe across the semiconductor, healthcare, food & beverage, and hospitality industries.

 

MSM&rsquo s business activities include OEM contract manufacturing, kitchen appliances, equipment, and related services, as well as cleanroom and laboratories. The group also operates a total of six showroom outlets occupying approximately 29,000 sq ft of floor space in Malaysia and Indonesia.