HPMT Holdings says worst is over

TheStar Mon, Feb 22, 2021 07:40am - 3 years View Original


PETALING JAYA: HPMT Holdings Bhd believes that the worst is over for the manufacturer and distributor of cutting tools, (pic) and this year will be a year of recovery.

Executive director and chief financial officer Tan Kim Chuan said the company’s optimism stemmed from the easing of movement restrictions imposed as a result of the Covid-19 pandemic, supported by the various economic stimulus packages here and globally.

“We look at our orderbook for January and February, and it is encouraging, we feel that the momentum for market recovery is there, ” Tan told StarBiz.

HPMT, controlled by founder and executive chairman Ku He @ Khoo Yee Her and his family, is involved in the manufacturing and distribution of cutting tools which are needed for engineering purposes within many industries such as automotive, aerospace, construction and electronics.

HPMT made its debut on Bursa Malaysia’s Main Market in June 2019, raising over RM42mil via the IPO exercise. Executive Chairman of HPMT Holdings Berhad, Datuk Khoo Yee Her (three, left) and Managing Director of HPMT Holdings Berhad, Khoo Seng Giap (five, left) saw a stock screen display after the Listing Ceremony of HPMT Holdings Berhad on the Main Market of Bursa.HPMT made its debut on Bursa Malaysia’s Main Market in June 2019, raising over RM42mil via the IPO exercise. Executive Chairman of HPMT Holdings Berhad, Datuk Khoo Yee Her (three, left) and Managing Director of HPMT Holdings Berhad, Khoo Seng Giap (five, left) saw a stock screen display after the Listing Ceremony of HPMT Holdings Berhad on the Main Market of Bursa.

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