Compugates

Five years after undergoing a RTO, it is new ventures in agriculture, property development and house brand consumer electronic products.

It is growing the company’s premium gaharu tea business, which will sustain the company’s profitability in the long term.

It is also unlocking the value of its two parcels of land in Dengkil – a 10ha leasehold agricultural land with a market value of rm60 million and a 15.2ha piece of commercial land with a market value of rm100 million.

On news reports that Compugates is going into a JV arrangement to develop the land with Tan Sri Halim Saad’s companies, it has talked to Halim but nothing has come out of the talks yet.

The company has been working on diversifying its business. It is still working on expanding its core business of distributing consumer electronics and telecommunication services with new products.

Other developments include its venture into the integrated, standalone solar powered systems for households and public facilities that are out of the main power grid’s reach.

Goh and Chan have reduced their combined stake from 31.91% stake to 26.9%.

The company has been making losses for the past few years … but managed to return to the black in the third quarter 2013 with a net profit of rm5.37 million despite a sharp drop in revenue due to reduction of sales and marketing cost.