from annual report "The growth in customers’ demand for parts and metal components in Vietnam has created great opportunity for the Group to expand its manufacturing business in Vietnam, thus the total revenue of the Group’s Vietnam Operation for the financial year ending 30 April 2023 is expected to experience another strong growth."
just second quarter only lah, finacial end at APRIL 2023 will have another strong growth
1) KHMV commenced construction of a new warehouse measuring approximately 13,000 square feet......, which has been completed in July 2021
2) KHTV Factory Phase 1 will be expanded from a single-storey factory to a 3-storey factory and the total built up area will be increased to approximately 47,000 square feet. With the enlarged factory, KHTV is expected to secure more businesses especially from the metal stamping industry in the coming 2-3 years
...... will be increased from approximately 19,000 square feet to 47,000 square feet upon completion in October 2021. The enlarged factory will cater for new business especially from the metal stamping industry.
3) The total industrial land area owned by KHMV and KHTV is approximately 12 acres......, and it is expected to further increase in the coming years
KHI continuously seeks opportunities to grow its revenue and profit by not only investing in production capacity, engineering capability and quality assurance technology, it has also expanded its core business namely metal stamping and precision machining through Vietnam operation. This strategic expansion plan is in line with our Group’s vision for a sustainable growth to ensure that our shareholders receive consistent and positive economic returns such as dividends and share capital appreciation in the long term.
based on latest Quarterly report please refer below...
The inventories was increased from RM34.58 million as at 31 December 2020 to RM61.95 million as at 30 September 2021. The increase was mainly due to the raw materials purchased to support the critical newly secured EV projects as well as demand surge in the following quarters.