EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia


KUALA LUMPUR: Electric-vehicle-(EV)-related stocks saw buying momentum following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery EVs (BEVs) into Malaysia.

In early trade on Thursday, KESM Industries Bhd surged 26 sen to RM8.40, Pentamaster Corporation Bhd added 4.0 sen to RM4.94, Genetec Technology Bhd gained 2.0 sen to RM2.83 and Hong Seng Consolidated Bhd climbed up half a sen higher at 13.5 sen.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In