Pecca growing steadily amidst cautious outlook
Prathab V | 19 Jul 2019 00:30
Continuous growth in car sales is giving an extra boost to the performance of secondary sector beneficiaries such as Pecca Group Bhd. Pecca is a manufacturer and installer of car leather upholstery, seat covers and interior accessories. Hence, as an original equipment manufacturer (OEM) for the automotive sector, growing car sales in the domestic market help contribute to Pecca’s financial performance.
Pecca also exports its products and is mainly active in the OEM, pre-delivery inspection and replacement equipment manufacturer (REM) segment. Its OEM segment provides over 71% of the company’s revenue. In addition, the company also supplies to the aviation and furniture industries. Despite the company’s encouraging growth, chief financial officer Foo Ken Nee says it is seeking to grow even more for the rest of the year.
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