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Focus Malaysia
12-06-2025
- Business
- Focus Malaysia
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its 3rd manufacturing plant
CHIN Hin Group Bhd, Malaysia's leading integrated constriction conglomerate, has inked a memorandum of understanding (MOU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MOU entered into through the group's wholly-owned subsidiary Starken AAC Sdn Bhd signifies Chin Hin's strategic expansion into its third AAC manufacturing facility which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31 next year, the new facility will significantly elevate the Chim Hin's production capabilities by adding a capacity of over one million cubic metres per year. Listed on the Shanghai Stock Exchange with a RM3.2 mil market capitalisation, Teeyer is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to over 20 countries, Teeyer is recognised for pioneering technological advancements such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of about 1.2 million cubic metres. With the addition of this third facility, the group's total AAC production capacity will rise to over 2.2 million cubic metres annually, hence further consolidating its leadership in the building materials industry. 'This strategic partnership with Teeyer is a significant milestone for Chin Hin as it substantially enhances our production capabilities and strengthens our competitive edge in the market,' commented Chin Hin Group's CEO (Building Materials Division) Ng Wai Luen. 'Moreover, Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable and high-quality building materials in Malaysia and beyond.' To-date, Chin Hin has continued its commitment to innovation and sustainable growth by reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with the group's on-going efforts to invest in advanced manufacturing capabilities, driving operational efficiency and responding to the increasing market demand for environmentally friendly construction materials. At the close of today's (June 12) market trading, Chin Hin Group was up 3 sen or 1.44% to RM2.12 with 245,600 shares traded, thus valuing the company at RM7.51 bil. – June 12, 2025
The Sun
12-06-2025
- Business
- The Sun
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant
KUALA LUMPUR: Leading integrated builder conglomerate Chin Hin Group Bhd's wholly-owned subsidiary, Starken AAC Sdn Bhd (SAAC), has signed a memorandum of understanding (MoU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MoU marks Chin Hin's strategic expansion into its third AAC manufacturing facility, which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31, 2026, the new facility will significantly elevate the group's production capabilities by adding a capacity of over 1,000,000 cubic meters per year. Chin Hin group CEO for building materials division Ng Wai Luen said this strategic partnership with Jiangsu Teeyer is a significant milestone for Chin Hin, as it substantially enhances production capabilities and strengthens its competitive edge in the market. 'Jiangsu Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable, high-quality building materials in Malaysia and beyond,' he said in a statement. Jiangsu Teeyer, listed on the Shanghai Stock Exchange, has a market capitalisation of approximately RM2.3 billion. The company is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to more than 20 countries, Jiangsu Teeyer is recognised for pioneering technological advancements, such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of approximately 1,200,000 cubic meters. With the addition of this third facility, the group's total AAC production capacity will rise to over 2,200,000 cubic meters annually, further consolidating its leadership in the building materials industry. Chin Hin continues its commitment to innovation and sustainable growth, reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with Chin Hin's ongoing efforts to invest in advanced manufacturing capabilities, driving operational efficiency, and responding to the increasing market demand for environmentally friendly construction materials.
Mint
09-06-2025
- Business
- Mint
AVIC Shenyang Aircraft to Aerospace Nanhu Electronic: Chinese defense stocks rally as Pakistan plans J-35 jets purchase
Chinese defence stocks surged on Monday following reports that Pakistan plans to acquire some of China's most advanced weaponry in a major arms deal. AVIC Shenyang Aircraft Company share price hit the 10% daily upper limit on the Shanghai Stock Exchange, marking gains for a third consecutive session. According to a Bloomberg report, Pakistan intends to procure 40 J-35 fifth-generation fighter jets, along with KJ-500 airborne early warning and control aircraft and HQ-19 ballistic missile defence systems. The J-35, developed by AVIC Shenyang Aircraft and unveiled at the 2024 Zhuhai Airshow, is considered the centrepiece of the proposed deal. If finalised, this would mark the first international sale of the J-35 fighter jets. AVIC Shenyang share price has rallied over 16% in the past seven trading sessions. The broader optimism also lifted other Chinese defence stocks. Shares of Aerospace Nanhu Electronic Information Technology surged as much as 15%, while Inner Mongolia First Machinery Group, Jiangxi Hongdu Aviation Industry, AVIC Heavy Machinery, and AVIC Chengdu Aircraft rose between 2% and 4%. The Hang Seng China A Aerospace & Defence Index gained nearly 2%. The development comes against the backdrop of renewed geopolitical tensions between India and Pakistan. Pakistan's announcement, made via a social media post on Friday, follows a series of confrontations that began in early May. Chinese defence stocks had earlier rallied when Pakistan claimed that Chinese-made J-10C fighter jets helped down six Indian aircraft. However, that rally in Chinese defence stocks was short-lived after India downplayed those claims and launched 'Operation Sindoor,' a precision airstrike campaign deep into Pakistani territory. Amid these escalations, Chinese defence stocks have seen heightened volatility, reacting to each turn in the India-Pakistan conflict. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
The Star
06-06-2025
- Business
- The Star
China, HK stocks close down as US-China call offers no clear progress on trade
A screen displays market movements in the Shanghai Stock Exchange. — AFP SHANGHAI: China and Hong Kong stocks ended slightly lower on Friday, as investors remained cautious after a call between U.S. President Donald Trump and Chinese leader Xi Jinping failed to provide clear signals of progress in easing trade tensions. Trump and Xi confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday, leaving key issues unresolved for future talks. "If you look at the conversation between Chinese and U.S. presidents, there's nothing concrete that's positive. So little impact on stocks," said Guo Jianwen, partner at Shanghai-based hedge fund Haiyi Capital. China's blue-chip CSI300 Index fell 0.1%, while the Shanghai Composite Index was flat. Hong Kong benchmark Hang Seng Index dipped 0.5%. For the holiday-shortened week, the CSI 300 Index gained nearly 1%, while the Hang Seng Index rose 2.2%. "The only good news is that things are not getting worse," said William Xin, chairman of Shanghai-based hedge fund Spring Mountain Pu Jiang Investment Management. "If Trump can come to China for a visit in the short term, that would be hugely positive." Chinese markets have lacked clear direction since April 2, when Trump unveiled sweeping reciprocal tariffs, raising fears of a global trade disruption. The blue-chip CSI300 Index has barely budged from the April 2 level, and Hong Kong's benchmark Hang Seng Index gained less than 3% during the period, both lagging the recovery seen among major global markets. Investors should not over-interpret the talk as both sides are still struggling to adapt to each other in a broad confrontational trend, said Charles Wang, chairman, Shenzhen Dragon Pacific Capital Management. Wang said the most significant takeaway from the leaders' exchange was Xi's warning to Trump against provocative actions on Taiwan, which he interpreted as a signal that Beijing is not preparing for a near-term military move. Chinese tech American Depositary Receipts (ADRs) rose just 0.85% in New York overnight following the call, while tech majors listed in Hong Kong fell 0.6%. Onshore non-ferrous metal shares gained 1.1%, and materials stocks listed in Hong Kong jumped 2.4%. China's 10-year and 30-year government bond yields held steady, after the country's central bank said it would inject 1 trillion yuan ($139.23 billion) cash to its banking system via outright reverse repos on Friday. - Reuters
Business Times
16-05-2025
- Business
- Business Times
China solar firms to speed up global push amid tariff truce
[SHANGHAI] Chinese solar companies will continue their expansion into emerging overseas markets during a 90-day tariff truce between the US and China that brings a more stable trade environment, company executives said at online investor briefings. 'The easing of tariff policies between China and the US is conducive to providing a relatively stable overseas trade environment for the solar and energy storage sector,' said Li Xiande, chairman of Jinko Solar, at the briefing hosted by Shanghai Stock Exchange this week. The company will use the period to pursue 'diversification of global supply chain,' he said. Even before the latest trade war, Chinese solar products bound for the US had faced tariffs for more than a decade. Manufacturers responded by setting up operations in countries that weren't affected by the duties at the time. But US President Donald Trump's sweeping tariffs policies, including duties on solar imports from four South-east Asian countries, mean further relocation will be necessary. Jinko aims to enhance its capacity in the Middle East with a 10-gigawatt solar cell and module project in Saudi Arabia that it's jointly developing with the kingdom's Public Investment Fund and Vision Industries, according to Li. The company saw almost 60 per cent of its products go overseas in 2024, and emerging markets in the Middle East, Africa and South-east Asia grew fast, he said. 'The reciprocal tariffs between the US and China would have relatively small impact as there is basically no direct solar export from China to the US with the existing duties,' said Zhuang Yan, chief executive officer of CSI Solar, at the same briefing. The affiliate of Nasdaq-listed Canadian Solar will 'make good use' of its capacity in South-east Asia and other regions during the 90-day reprieve, while moving some production and procurement to regions with lower tariff costs, he said. CSI is also looking at the Middle East, but Zhuang said the company will prioritise other overseas markets amid fierce competition there. The firm will continue its five-gigawatt solar module project in the US, which is expected to reach designed capacity in the second half of this year and the full-year output is estimated at more than three gigawatts this year, the company's board secretary Xu Xiaoming said at the briefing. Tongwei currently has no plans to build production capacity overseas, although it has been exploring sites in recent years in emerging markets in the Middle East, Asia and Latin America, vice-chairman Yan Hu said at a separate briefing on Friday. BLOOMBERG
