Core Business:
-manufacturing and trading of electrical apparatus and industrial lighting
-manufacturing process equipment
Two main wholly owned sudsidiaries,
Success Electronics & Transformer Manufacturer Sdn Bhd (SETM)
SETM which established in 1980 is one of the largest low voltage transformer and industrial lighting manufacturer in Malaysia. Their line of products include full comprehensive range of low voltage transformers, automatic voltage stabiliser, energy saving lumens regulators, battery chargers and tester,floodlights, highbay and street lighting. Emphasizing on quality, fast delivery, fully equipped factory and various certification (CE mark, TUV) that separate them from their competitor. They are even involve in green technology and one of the eight authorized service providers in Malaysia Building Integrated Photovoltaic (MBIV) projects.
Seremban Engineering Sdn Bhd
Seremban Engineering mainly involve in manufacturing process equipment like pressure vessels, storage tanks, silos and heat exchangers. These process equipment normally cater for Oil & Fats industry. With more refining plant being set-up especially palm oil refining, their growth should be sustainable.
With 2009 EPS at 21.54sen, which translate to PE around 5.6 (based on price RM1.20), it seems attractive coupled with the impending listing of wholly owned Seremban Engineering.
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