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  nigel foo Mercedes-Benz has announced that it is finalising the planning for a regional after-sales logistics centre in Malaysia. The carmaker has signed a long-term lease agreement for the location, which is in Senai Airport City in Johor. Operations is expected to start in early 2024. For the development of the new building, the German premium carmaker has found a partner in Tiong Nam Logistics Solutions, which will be the lead for developing the approximately 1,000,000 sq.ft location, as well as the owner of the new warehouse. A newly established company – Mercedes Benz Parts Logistics Asia Pacific (Malaysia), a 100% subsidiary of Mercedes-Benz AG – will operate the facility. “With our planned after-sales logistics centre, Mercedes-Benz is committed and will invest to strengthen our foothold in Malaysia. We have found excellent conditions and great support in cooperation with MIDA and the related ministries. Located strategically in Johor Bahru, this new centre will enable us to reaffirm our position as a global and regional distribution hub whilst creating new jobs for the region,” said Thomas Schulz, VP of global service and parts operations. “Both our customers and our dealer networks will enjoy a good service and high-quality standards through this new infrastructure,” he added. The new distribution centre will be a part of Daimler AG’s global after-sales supply chain network and will serve as a distribution site for spare parts in the Asia Pacific region and other countries. It will handle the importation, storage and regional management of spare part and accessories. 22/10/2021 6:38 PM  Trade in Peace stay in the box, wait for showtime https://www.youtube.com/watch?v=7mv6-1nq02A 30/10/2021 9:21 PM GrowthCapitalist This company has 1B of debt and wonder how would their survive with cash of ~150M. Just do your homework before get in unless invested since lockdown (18th March 2020) 15/04/2022 1:22 PM ongtnl current market cap=RM 412 Million reits ( to be submit this month, according to the edge) =RM700Million RM700Million/RM412Million=RM1.32 TARGET PRICE FOR TIONG NAM IS RM1.32 BUY CALL. 08/03/2023 10:23 AM ongtnl https://www.msn.com/en-my/money/topstories/are-the-stars-finally-aligned-for-tiong-nam-s-warehouse-reit-spin-off/ar-AA17JWrP 08/03/2023 10:24 AM ongtnl Debt of RM1Billion after minus off the reits of RM700Million. Tiong Nam's debt reduce to RM300Million. Gearing is merely 0.4x only. Getting better and better. hoot 9 e 08/03/2023 10:28 AM ongtnl https://www.automachi.com/2023/06/chery-partner-with-tiong-nam-logistics/ 25/06/2023 10:17 PM ongtnl super good news to Tiong Nam Shareholders. Tml will suspend counter. after that limit up.? heng ar, ong ar, huat ar. 25/06/2023 10:18 PM ongtnl Johor counters all up. Tiong Nam's JV 300 acres land with Jcorp fall within the proposed special economy zone. price sure shoot up. 06/01/2024 11:57 PM firehawk Quarter Net profit 44.759m vs 0.457m (2022) was due to "Net of other overhead" +65.554m vs -13.803m (2022) but no clear explanation given, B1 Review of Performance of the Group The Group posted a pre-tax profit of RM 61.4 million for the current quarter as compared to the pretax of RM 2.5 million for the preceding year corresponding quarter. B2 Variation of Results Against the Preceding Quarter The Group posted a pre-tax profit of RM 61.4 million compared to the pre-tax profit of RM 3.8 million for the preceding quarter. This make futures profit estimations extremely difficult. 26/02/2024 10:43 PM ongtnl limit up, limit up, limit up. today will close at RM1.00 PE merely 5 only i think the share price can go up to 2.00 easily. Huat ar, Heng ar, Ong ar 27/02/2024 7:47 AM  Fundamental Trader Time to focus on this. https://messenger.i3investor.com/join-group.html?route=b729749f9b1144a2aec82f64cabd443a 08/04/2024 1:10 PM  | |
