South Malaysia Industries Bhd is a Malaysia-based company, which is engaged in property and investment holding, trading, property development and provision of management services. Its operating segments cover Property development, Investment holding and Manufacturing and trading. The Property development segment is engaged in development and sale of residential and commercial properties and car park operations. The Investment holding segment is engaged in investment in properties and holding. The Manufacturing and trading segment is engaged in manufacturing and trading of assorted wires.

SMI share price recorded a substantial 700% gain from 15sen to RM1.16. Many people are curious about the reasons behind the sharp gain. But not much news or rumours in the market. SMI is controlled by its major shareholder Asian Pac Holding Bhd (Asiapac, 4057) with 11% stakes. Will SMI up further and how high it can go? Nobody knows the answer. Will Asiapac follow the trend of SMI? It is an interesting question.