Latest news with #PTRB
The Sun
09-06-2025
- Business
- The Sun
PT Resources enhances capabilities with coconut processing facility in Fujian, China
PETALING JAYA: PT Resources Holdings Bhd (PTRB), which is involved in the processing and trading of frozen seafood products as well as trading of meat and non-meat products, has established a coconut processing facility under its wholly owned subsidiary, Fujian HJS International Holdings Co Ltd. The facility is located in the China-Indonesia Food Industrial Park in Fuqing City, Fujian Province, China. PTRB is the first wholly foreign-owned enterprise to set up a coconut processing operation within the park and in China. With this development, the group is broadening their food processing capabilities to include coconut-based products. The new facility is equipped to produce a wide range of value-added products such as frozen coconut water, frozen coconut milk, desiccated coconut, and other derivatives, capturing the complete potential of the coconut fruit. The group is investing about RMB29 million (RM17 million) for the facility. This investment is financed entirely with internally generated funds. Trial production is under way, and commercial operations are expected to commence by the middle of this month. In the initial phase, the group will focus on supplying frozen and dried coconut products to business-to-business (B2B) customers such as food and beverage (F&B) manufacturers within Fujian Province and nearby regions. Fujian is strategically positioned as one of China's key import and processing hubs for mature coconuts, serving a wide network of F&B manufacturers within a 700km radius of the group's facility. This further enhances the group's logistical reach. According to Grand View Research, China accounted for 10.2% of the global coconut product market in 2022, generating a revenue of US$2.1 billion. The China market is projected to grow to US$3.6 billion by 2030 and China is expected to remain a key player in the Asia-Pacific region. PTRB managing director Heng Chang Hooi said: 'We are optimistic about the growing demand for coconut-based products in China, supported by its large population of 1.4 billion, rising interest for plant-based diets, and increasing demand for dairy alternatives. The popularity of coconut milk in coffee chains and specialty beverage outlets reflects this trend. There is also a surge in demand for coconut water and coconut milk, attributed to greater health awareness and preference for natural, low-sugar beverages.' Additionally, he said, coconut-based dairy alternatives such as coconut yogurt are gaining popularity, with brands like Yeyo on Tmall and in retail outlets such as City Super, BHG, and ALDI. Beyond the F&B segment, coconut by-products such as coconut shells have industrial use, including in the production of activated carbon for airpurifiers. Heng said, 'PTRB is actively exploring B2B collaborations with Chinese distributors and manufacturers, including opportunities for private-label production and OEM services as part of our localisation strategy. We also aim to leverage on Fujian's export infrastructure to access Asean markets, and will participate in trade exhibitions such as the China Food and Drinks Fair.' On the supply side, PTRB is in the process of securing consistent supplies of mature coconuts from Indonesia, one of the world's leading coconut producers. These arrangements will ensure a steady supply of coconuts to meet the anticipated demand, Heng said.
The Sun
09-06-2025
- Business
- The Sun
PR Resources enhances capabilities with coconut processing facility in Fujian, China
PETALING JAYA: PT Resources Holdings Bhd (PTRB), which is involved in the processing and trading of frozen seafood products as well as trading of meat and non-meat products, has established a coconut processing facility under its wholly owned subsidiary, Fujian HJS International Holdings Co Ltd. The facility is located in the China-Indonesia Food Industrial Park in Fuqing City, Fujian Province, China. PTRB is the first wholly foreign-owned enterprise to set up a coconut processing operation within the park and in China. With this development, the group is broadening their food processing capabilities to include coconut-based products. The new facility is equipped to produce a wide range of value-added products such as frozen coconut water, frozen coconut milk, desiccated coconut, and other derivatives, capturing the complete potential of the coconut fruit. The group is investing about RMB29 million (RM17 million) for the facility. This investment is financed entirely with internally generated funds. Trial production is under way, and commercial operations are expected to commence by the middle of this month. In the initial phase, the group will focus on supplying frozen and dried coconut products to business-to-business (B2B) customers such as food and beverage (F&B) manufacturers within Fujian Province and nearby regions. Fujian is strategically positioned as one of China's key import and processing hubs for mature coconuts, serving a wide network of F&B manufacturers within a 700km radius of the group's facility. This further enhances the group's logistical reach. According to Grand View Research, China accounted for 10.2% of the global coconut product market in 2022, generating a revenue of US$2.1 billion. The China market is projected to grow to US$3.6 billion by 2030 and China is expected to remain a key player in the Asia-Pacific region. PTRB managing director Heng Chang Hooi said: 'We are optimistic about the growing demand for coconut-based products in China, supported by its large population of 1.4 billion, rising interest for plant-based diets, and increasing demand for dairy alternatives. The popularity of coconut milk in coffee chains and specialty beverage outlets reflects this trend. There is also a surge in demand for coconut water and coconut milk, attributed to greater health awareness and preference for natural, low-sugar beverages.' Additionally, he said, coconut-based dairy alternatives such as coconut yogurt are gaining popularity, with brands like Yeyo on Tmall and in retail outlets such as City Super, BHG, and ALDI. Beyond the F&B segment, coconut by-products such as coconut shells have industrial use, including in the production of activated carbon for airpurifiers. Heng said, 'PTRB is actively exploring B2B collaborations with Chinese distributors and manufacturers, including opportunities for private-label production and OEM services as part of our localisation strategy. We also aim to leverage on Fujian's export infrastructure to access Asean markets, and will participate in trade exhibitions such as the China Food and Drinks Fair.' On the supply side, PTRB is in the process of securing consistent supplies of mature coconuts from Indonesia, one of the world's leading coconut producers. These arrangements will ensure a steady supply of coconuts to meet the anticipated demand, Heng said.
New Straits Times
09-06-2025
- Business
- New Straits Times
PT Resources calls for trading halt, announces new coconut processing facility in China
KUALA LUMPUR: Trading of ACE Market-listed PT Resources Holdings Bhd (PTRB) shares was halted for one hour today, from 9.00 am to 10.00 am, following the announcement of a new coconut processing facility in China. In a separate filing with Bursa Malaysia, PTRB stated that the facility will be established under its wholly-owned subsidiary, Fujian HJS International Holdings Co Ltd. The facility is located in the China-Indonesia Food Industrial Park in Fuqing City, Fujian Province, China. PTRB, which is primarily involved in the processing and trading of frozen seafood, as well as the trading of meat and non-meat products, is now expanding its food processing capabilities to include coconut-based products. The group is investing approximately RM17 million (RMB29 million) in the new facility, with the investment fully funded through internally generated funds. PTRB managing director Heng Chang Hooi said the company is actively exploring business-to-business collaborations with Chinese distributors and manufacturers. He said these include opportunities for private-label production and original equipment manufacturer (OEM) services as part of its localisation strategy. "We also aim to leverage Fujian's export infrastructure to access ASEAN markets and will participate in trade exhibitions such as the China Food and Drinks Fair," he said. Trial production at the coconut processing facility is currently underway, with commercial operations expected to commence by mid-June 2025. As of 10.47 am, PTRB shares were trading flat at 33 sen, with 10,000 shares changing hands.
The Star
09-06-2025
- Business
- The Star
ACE Market-listed PTRB invests RM17mil in China coconut facility
KUALA LUMPUR: Trading of ACE Market-listed PT Resources Holdings Bhd (PTRB) shares was halted for one hour today, from 9.00 am to 10.00 am, following the announcement of a new coconut processing facility in China. In a separate filing with Bursa Malaysia, PTRB stated that the facility will be established under its wholly-owned subsidiary, Fujian HJS International Holdings Co Ltd. The facility is located in the China-Indonesia Food Industrial Park in Fuqing City, Fujian Province, China. PTRB, which is primarily involved in the processing and trading of frozen seafood, as well as the trading of meat and non-meat products, is now expanding its food processing capabilities to include coconut-based products. The group is investing approximately RM17 million (RMB29 million) in the new facility, with the investment fully funded through internally generated funds. PTRB managing director Heng Chang Hooi said the company is actively exploring business-to-business collaborations with Chinese distributors and manufacturers. He said these include opportunities for private-label production and original equipment manufacturer (OEM) services as part of its localisation strategy. "We also aim to leverage Fujian's export infrastructure to access ASEAN markets and will participate in trade exhibitions such as the China Food and Drinks Fair,' he said. Trial production at the coconut processing facility is currently underway, with commercial operations expected to commence by mid-June 2025. As of 10.47 am, PTRB shares were trading flat at 33 sen, with 10,000 shares changing hands. -- BERNAMA TAGS: PTRB, ACE market, corporate
Yahoo
26-05-2025
- Business
- Yahoo
The Returns On Capital At Resources Holdings Berhad (KLSE:PTRB) Don't Inspire Confidence
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at Resources Holdings Berhad (KLSE:PTRB) and its ROCE trend, we weren't exactly thrilled. Our free stock report includes 4 warning signs investors should be aware of before investing in Resources Holdings Berhad. Read for free now. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Resources Holdings Berhad: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = RM27m ÷ (RM351m - RM132m) (Based on the trailing twelve months to January 2025). Therefore, Resources Holdings Berhad has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Food industry average of 9.2% it's much better. See our latest analysis for Resources Holdings Berhad While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you're interested in investigating Resources Holdings Berhad's past further, check out this free graph covering Resources Holdings Berhad's past earnings, revenue and cash flow. When we looked at the ROCE trend at Resources Holdings Berhad, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 12% from 31% five years ago. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months, so this could reflect longer term investments. It may take some time before the company starts to see any change in earnings from these investments. Bringing it all together, while we're somewhat encouraged by Resources Holdings Berhad's reinvestment in its own business, we're aware that returns are shrinking. And investors appear hesitant that the trends will pick up because the stock has fallen 33% in the last year. Therefore based on the analysis done in this article, we don't think Resources Holdings Berhad has the makings of a multi-bagger. Resources Holdings Berhad does have some risks, we noticed 4 warning signs (and 2 which are concerning) we think you should know about. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
