logo
Cuckoo, Samsung team up to deliver smart home solutions in Malaysia

Cuckoo, Samsung team up to deliver smart home solutions in Malaysia

KUALA LUMPUR: Cuckoo International (MAL) Bhd and Samsung Malaysia Electronics have entered a strategic partnership to roll out a new suite of smart healthy home solutions in Malaysia.
The move is set to expand Cuckoo's product lineup to include Samsung's consumer electronics, it said in a statement today.
The collaboration, named the Cuckoo Smart Healthy Home Co-Created Programme with Samsung, marks Cuckoo's latest push under its "co-created" business segment, which has become a key revenue driver for the company.
Under the partnership, Cuckoo will distribute Samsung products including smartphones, smart TVs, AirDressers, refrigerators, and washing machines, integrating them into its wellness-focused product ecosystem.
Cuckoo said the new range of products will be available for purchase beginning July 1.
The co-created segment, which includes past collaborations with LSK, Fujiaire and OGAWA Malaysia, contributed 20.2 per cent of the group's total revenue in 2024, up from 2.9 per cent in 2021. The company posted RM1.24 billion in revenue for 2024, its highest on record.
In the first quarter of 2025, the segment generated RM58.3 million, or 19.7 per cent of total revenue.
"This segment is all about working with like-minded business partners to unlock greater value, for our customers and the company," Hoe added.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cuckoo, Samsung team up to deliver smart home solutions in Malaysia
Cuckoo, Samsung team up to deliver smart home solutions in Malaysia

New Straits Times

time7 hours ago

  • New Straits Times

Cuckoo, Samsung team up to deliver smart home solutions in Malaysia

KUALA LUMPUR: Cuckoo International (MAL) Bhd and Samsung Malaysia Electronics have entered a strategic partnership to roll out a new suite of smart healthy home solutions in Malaysia. The move is set to expand Cuckoo's product lineup to include Samsung's consumer electronics, it said in a statement today. The collaboration, named the Cuckoo Smart Healthy Home Co-Created Programme with Samsung, marks Cuckoo's latest push under its "co-created" business segment, which has become a key revenue driver for the company. Under the partnership, Cuckoo will distribute Samsung products including smartphones, smart TVs, AirDressers, refrigerators, and washing machines, integrating them into its wellness-focused product ecosystem. Cuckoo said the new range of products will be available for purchase beginning July 1. The co-created segment, which includes past collaborations with LSK, Fujiaire and OGAWA Malaysia, contributed 20.2 per cent of the group's total revenue in 2024, up from 2.9 per cent in 2021. The company posted RM1.24 billion in revenue for 2024, its highest on record. In the first quarter of 2025, the segment generated RM58.3 million, or 19.7 per cent of total revenue. "This segment is all about working with like-minded business partners to unlock greater value, for our customers and the company," Hoe added.

Nestlé, Banks Buck The Trend Despite Losers Outweigh The Gainers
Nestlé, Banks Buck The Trend Despite Losers Outweigh The Gainers

BusinessToday

time9 hours ago

  • BusinessToday

Nestlé, Banks Buck The Trend Despite Losers Outweigh The Gainers

The market sentiment remained cautious, with more than twice as many losers as gainers, with 697 decliners outpacing 274 gainers, while 490 counters remained unchanged. Trading volume stood at 3.09 billion shares, with a total value of RM1.91 billion, reflecting tepid investor appetite amid ongoing global economic uncertainties. Nestlé (M) Bhd led the top gainers list, surging RM3.88 to RM76.40, followed while Bintulu Port Holdings Bhd rose 26 sen to RM5.46. Banking counters also supported the market, with Public Bank Bhd gaining 21 sen to RM4.42 and CIMB Group Holdings Bhd climbing 15 sen to RM6.80, buoyed by expectations of steady earnings amid a resilient domestic economy. Petron Malaysia Refining & Marketing Bhd added 15 sen to RM3.88, rounding out the top five gainers. On the flip side, tech and consumer-related stocks led the losses. Malaysian Pacific Industries Bhd fell 72 sen to RM19.78, followed by Carlsberg Brewery Malaysia Bhd, which declined 50 sen to RM19.16, and Hong Leong Financial Group Bhd, down 40 sen to RM16.18. Bursa Malaysia Bhd, the operator of the local exchange, dropped 31 sen to RM7.69, while Fraser & Neave Holdings Bhd slipped 20 sen to RM28.68. Analysts noted the cautious tone across markets as investors weigh inflation concerns, central bank policies and regional economic data. With no major domestic catalysts in sight, market participants are likely to remain selective, focusing on defensive plays and dividend-yielding stocks in the near term. Related

OCBC backs RM351mil JS-SEZ projects
OCBC backs RM351mil JS-SEZ projects

The Star

timea day ago

  • The Star

OCBC backs RM351mil JS-SEZ projects

PETALING JAYA: OCBC Bank (M) Bhd has extended RM351mil in financing to See Hong Chen Group and Exsim to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ). In a statement, OCBC Bank said the financing supports a partnership between Exsim and See Hong Chen Group for the acquisition of freehold land along Jalan Dato Abdullah Tahir in Johor Baru, earmarked for a mixed development project with a gross development value of approximately RM1.8bil. Financing has also been extended to See Hong Chen Group to support the acquisition of freehold land parcels in Johor Baru.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store