GUH Holdings plans advanced PCB production, RM1.2b property project to drive growth

• GUH Holdings will invest in research and development, adopt specialised manufacturing techniques, and improve factory layout and automation to boost efficiency, reduce costs and increase profits.

GEORGE TOWN (Oct 8): Electronic circuit board maker GUH Holdings Bhd (KL:GUH) plans to expand into advanced printed circuit boards (PCBs) and launch a RM1.2 billion property project in Simpang Ampat, Penang, as part of plans to grow the company.

Group managing director Datuk Seri Kenneth Hng told The Edge the company plans to make advanced PCBs like multi-layer (10+ layers) and high-density interconnect (HDI) boards to boost performance in the medium term. These PCBs will serve industries such as telecommunications, automotive and industrial controls that need high quality and reliability, Hng said.

To achieve this, GUH Holdings will invest in research and development, adopt specialised manufacturing techniques, and improve factory layout and automation to boost efficiency, reduce costs and increase profits.

Hng said over the next five years, the company plans to spend around RM40 million on new automated equipment, upgraded plating processes and renovations at its Bayan Lepas facility.

In the long term, GUH Holdings aims to form strategic partnerships or joint ventures with advanced technology companies to access new technologies, global markets and expertise.

GUH Holdings, which derives over 70% of its revenue from the PCB business, reported a net loss of RM5.76 million for the six months ended June 30, 2025, compared to a net profit of RM1.19 million the year before. Revenue also dropped to RM110.37 million. The company said this was partly due to an unfavourable sales mix in its Malaysian operations.

On the property front, Hng said GUH Holdings is launching the RM1.2 billion SA Sentral project in Simpang Ampat, Penang, to help maintain its property division’s revenue contribution. As of June 30, 2025, the property segment made up 22% of total revenue.

He said the SA Sentral project and two others in Seremban—RK62 @ Rasah Kemayan and Kepayang Haven—are expected to contribute around 10% of total revenue in the 2026 financial year.

The first phase of SA Sentral includes 61 two-storey link houses worth RM45 million. The next phase, featuring 48 retail shops and drive-through units, will soon launch with a value of RM120 million. SA Sentral will include homes, shops, restaurants, serviced apartments and public transport access, with development over 12 to 15 years.

Kepayang Haven Phase B will develop 28 semi-detached homes, while RK62 @ Rasah Kemayan will have 62 semi-detached homes. These projects follow Kepayang Sentral, a mixed-use commercial development near the Seremban-Labu toll exit.

GUH Holdings also acquired 67.3 acres in Semenyih, planned for shop offices, terrace houses, semi-detached homes and affordable apartments (Rumah Selangorku), with an estimated value of RM550 million over eight to 10 years.

With steady demand—743 new residential units launched in Seremban in the first half of 2025 and over 30% sold, according to the National Property Information Centre, Hng expects these projects to drive growth in the property division by 2026.

GUH Holdings closed down 3.23% to 30 sen on Wednesday, valuing the company at RM85 million. Year to date, the stock is also down by 3.23%.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.