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Trades about 2% below its sector, cheaper than its peers on earnings.
3REN Berhad functions as an investment holding company, providing engineering and automation solutions across an extensive global presence that includes Malaysia, Singapore, Thailand, the United States, China, Vietnam, the Philippines, Canada, Costa Rica, India, and Taiwan. The company's operations are divided into four main segments: engineering support for integrated circuit assembly and testing; the design, development, and sale of digitalized solutions; product engineering services; and the design, development, and sale of automated equipment. Its engineering support services encompass equipment installation and tool conversion, maintenance and troubleshooting, printed circuit board (PCB) rework, material transfer and inventory control, as well as quality, safety, and operational management. For digitalized solutions, 3REN delivers solution design development, rigorous testing and commissioning, technical support, and assembly, integration, and configuration services. Furthermore, the company offers product engineering services, including post-silicon validation, New Product Introduction (NPI), and software development. It also specializes in designing and developing customized automated machinery and provides precision machining with related support. Serving primarily the semiconductor and electronics markets, 3REN also caters to various manufacturing companies. Incorporated in 2021, the company is headquartered in Bukit Mertajam, Malaysia.
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