MBM Resources delivers promising results for Q1 2024; embarks on a new automobile dealership

KUALA LUMPUR, 6 AUGUST 2026 —

MBM Resources Berhad has reported its financial results for the first quarter ending 31st March 2024, delivering a promising start to the year with demand for vehicles in the industry. The company's total vehicle sales reached 8,061 units, representing a 30% year-over-year increase. This growth was driven by a 5% year-over-year rise in Total Industry Volume (TIV), which reflects the strong spillover of demand from a record TIV in 2023.

In addition to its promising financial results, MBM Resources has also announced its entry into a new dealership with Jaecoo, a fast-growing brand of premium SUVs. Through its wholly-owned motor trading subsidiary, Federal Auto Holdings Berhad, the company expects to open its first 1S outlet in June at Menara MBMR in Kuala Lumpur, followed by a 4S outlet in Segambut next year. This partnership is in line with MBM Resources' objectives of strengthening its position in the automotive industry and complements its current portfolio of selling entry-level and luxury vehicles.

The Jaecoo brand is expected to be positioned for the mid-market, offering high-quality vehicles at affordable prices and committing to an electrified future with its upcoming hybrid and electric vehicle models. Leo Chen, President of Jaecoo Malaysia, expressed his support for the partnership, stating that it is an important part of the company's commitment to long-term growth in Malaysia. Chen believes that MBM Resources' and Federal Auto's legacy and excellence in the automotive industry will complement Jaecoo's goal of exciting customers with the best ownership experience.

MBM Resources Berhad is an automotive conglomerate with diverse investments in the automotive industry, comprising two core business areas: Motor Trading and Automotive Parts Manufacturing. The company is involved in the distribution and dealership of major international and local vehicle brands in Malaysia, including Daihatsu, Hino, Perodua, Volvo, and Volkswagen. It is also a significant parts supplier to all major car manufacturers in the country, with a presence in all segments of the automotive retail market.

The company's board of directors includes experienced individuals with a strong background in the automotive and financial industries. Mr. Low Hin Choong, a director since 2001, has over 30 years of experience in the IT industry and is the founding director of his own successful software applications company. Mr. Ng Seng Kong, a fellow member of the Association of Chartered Certified Accountants and the Chartered Institute of Management Accountants, has been on the board since 2015 and serves as Managing Director of UMS Holdings Berhad and UMS Corporation Sdn. Bhd.

Ms. Wong Fay Lee, appointed to the board in 2019, is the Chairman of the Risk Management and Sustainability Committee and has a strong background in corporate finance and law. She has previously served as Chief Executive Officer at Malaysian Derivatives Clearing House Bhd and has held various leadership positions in the financial industry. Ms. Chin Tze Fui @ Annie Chin, the Group Chief Financial Officer, has been with the company since 2016 and has previously served as the Acting President and Chief Executive Officer of MBMR.

The partnership with Jaecoo is expected to have a positive impact on MBM Resources' business, enabling the company to expand its product offerings and strengthen its position in the automotive industry. With its diverse investments and experienced management team, MBM Resources is well-positioned to capitalize on growth opportunities in the industry and deliver long-term value to its stakeholders. As the company looks to the future, it is likely to continue to focus on strengthening its partnerships and expanding its product offerings to meet the evolving needs of its customers.

In conclusion, MBM Resources' promising financial results and new dealership with Jaecoo demonstrate the company's commitment to growth and innovation in the automotive industry. With its strong management team and diverse investments, the company is well-positioned to capitalize on opportunities and deliver long-term value to its stakeholders. As the automotive industry continues to evolve, MBM Resources is likely to remain a key player, driven by its focus on customer satisfaction, quality, and innovation. Details not yet available on the company's future plans and strategies, but it is expected that MBM Resources will continue to build on its strengths and expand its presence in the industry.

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