MCE Holdings Outlook (Dec 20, 2025): HLIB Keeps “Buy” as New Revenue Streams, Auto Hub and Perodua EV Supply Chain Set Up a Stronger 2026
KUALA LUMPUR, Dec 20, 2025 — MCE Holdings Bhd is back on investors’ radar this weekend after a softer start to FY2026 collided with a more upbeat analyst narrative: Hong Leong Investment Bank is keeping its BUY call and RM2.38 target price, arguing that new revenue streams and fresh model launches should lift sequential performance — even as market attention turns to whether Perodua’s battery leasing model slows early demand for its first homegrown EV. BusinessToday+2KLSE Screener+2 The mixed backdrop is clear in the latest numbers: MCE’s first-quarter performance was dragged by temporary production disruptions at a major customer and higher staff and administrative costs tied to readiness work for a new manufacturing facility. Yet both the company and analysts are positioning FY2026 as an “inflection year,” with catalysts ranging from exports to the US aftermarket to new programs linked to Proton and Perodua launches. The Edge Malaysia+2BusinessToday+2