Mainstream
Facing a new challenge
Stephanie Jacob | 17 Aug 2018 00:30
It cannot be denied that Chiau Haw Choon, 34, is at the height of his career. He has been credited as the person who transformed and took listed Chin Hin Group Bhd to greater heights over the last nine years.

He has grown the company since taking over in 2009. He added another feather to his cap in June when he represented Malaysia at the EY World Entrepreneur of the Year Award 2017 in Monte Carlo. Chiau is, after all, known as the dropout who rose to become the CEO of a listed company.  But this year is proving to be a challenging one and will put his entrepreneurial skills to the test. Despite reporting a slightly higher revenue of RM265.3 mil for its 1QFY18 compared to RM261.6 mil previously, profit dived by nearly 50% from RM8.1 mil to RM4.2 mil.

The drop was due to intense competition, a soft property market and tough environment for the construction sector. Chin Hin also incurred costs for new start-ups. Not surprisingly, its share price slipped below the RM1 level and is hovering at around 81 sen, the price at which it was listed in March 2016.

But for Chiau, challenges are nothing new and he is confident of a better second half this year. “We think we will perform better in the second half of the year and that will lead to a better performance in the share price. There is always a direct relationship between share price and business performance,” he tells FocusM.

Download and read the latest issue of Focus Malaysia here:
Snippets
Wirecard and Berjaya extend cross-border platform

Wirecard and Berjaya extend cross-border loyalty platform B Infinite from Malaysia to Singapore


Song Hoi-see named EY Entrepreneur Of The Year

Song Hoi-see (宋海西) of Plaza Premium Lounge Management Ltd named EY Entrepreneur Of The Year 2018 Malaysia