Ni Hsin Group Bhd
MMYX:NIHSIN0.49
MYR
+0.03
(+6.52%)
Ni Hsin Group Bhd
MYX:NIHSIN
(Bursa Malaysia)
Recent
price
0.49
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Ni Hsin Group Berhad is an investment holding company that operates across consumer goods manufacturing, electric mobility, food and beverage, and health wellness sectors. Founded in 1989 and headquartered in Seri Kembangan, Selangor, Malaysia, the company designs, manufactures, and distributes premium stainless steel cookware, multi-ply stainless steel clad metals, electric two-wheeled vehicles, and functional food and beverage products. The company operates through four principal business segments: Cookware and Clad Metals, Electric Vehicles, Food and Beverage, and Others. Its Cookware and Clad Metals segment manufactures and distributes premium multi-ply stainless steel kitchenware, including pressure cookers, woks, stock pots, frying pans, saucepans, and kitchen accessories under the Buffalo and Pentole brands as well as through original equipment and design manufacturing (OEM/ODM) arrangements; multi-ply clad metal sheets for industrial applications; and stainless steel convex security mirrors. Its Electric Vehicles segment, operated via subsidiary Ni Hsin EV Tech Sdn. Bhd., assembles, distributes, markets, and leases electric two-wheelers and smart motorcycles under the TAILG and Ebico brand lines, along with providing smart battery swapping stations, electric vehicle charging infrastructure, and commercial fleet management solutions. Its Food and Beverage segment, managed via Ni Hsin Food & Beverage Sdn. Bhd., produces and distributes functional energy drinks, nutritional coffee capsules, and automated capsule coffee machines under the BlackBixon brand, alongside operating BlackBixon Cafe retail outlets and distributing bio-pharmaceutical health supplements. The company serves retail consumers, corporate enterprises, logistics operators, and government bodies across Malaysia and export markets in Japan, South Korea, Taiwan, China, Europe, and North America. In recent developments, the company rebranded from Ni Hsin Resources Berhad to Ni Hsin Group Berhad to reflect its strategic diversification beyond traditional kitchenware manufacturing. The group aggressively expanded into green mobility by securing Vehicle Type Approvals (VTA) and manufacturing licenses from Malaysian transport authorities, subsequently launching commercial and consumer electric motorcycle models such as the TAILG EBM and TC Max series. To drive adoption, the company entered into strategic alliances and fleet trial agreements with logistics providers, private security operators, and government enforcement agencies, including Pos Malaysia and the Royal Malaysia Police. Furthermore, Ni Hsin expanded its electric mobility infrastructure through partnerships with battery manufacturers to roll out battery swapping and charging networks across Malaysia, while concurrently growing its lifestyle and wellness footprint through new BlackBixon cafe locations and the introduction of ready-to-drink functional health beverages.