0272 TTVHB (A)
Recent Developments
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Financial Performance (FY2024): In the fourth quarter of 2024, TT Vision reported a net profit of RM6.6 million on revenue of RM14.28 million, marking an improvement from RM3.97 million in the same quarter of the previous year. However, for the full year, the company experienced a decline in revenue to RM56.57 million from RM58.19 million in 2023, with net income decreasing to RM3.8 million from RM10.73 million. MarketScreener
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Strategic Partnership: In March 2024, TT Vision entered into a joint venture with Autowell (Singapore) Pte Ltd, a subsidiary of China's Wuxi Autowell Technology Co. Ltd. This collaboration aims to establish a manufacturing base in Malaysia, enhancing TT Vision's production capabilities and market reach. Homepage+1MarketScreener+1MarketScreener
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Production Expansion: To meet increasing demand from the optoelectronics, semiconductor, and solar cell industries, TT Vision is undertaking a two-phase expansion plan to nearly double its production floor space from 53,000 sq ft to 105,000 sq ft by early 2025. The Edge Malaysia
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Shareholding: Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, holds a 13.81% stake in TT Vision, reflecting institutional confidence in the company's growth prospects. The Edge Malaysia
TT Vision Holdings Berhad continues to strengthen its position in the automated inspection and machine vision sector, leveraging strategic partnership
s and capacity expansions to drive future growth.

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