Highlights

IQ Group - LED that brighten your future

Author: value_trading   |   Latest post: Wed, 7 Jun 2017, 12:06 AM

 

IQ Group- LED that brighten your future

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IQ Group founded in 1989 in Penang Malayisa

 

IQ-group is an established global leader in the design & manufacture of lighting, security and convenience products, working with some of the world’s major retail and professional brands.  Adding LED lighting since 2009.

 

Over  25+ year history, IQ Group have built up an enviable reputation and manufacturing operations in Malaysia and China, plus offices in Taiwan, Japan, United Kingdom, Europe and US.

 

Mr Kent Chen Wen Chin, who is the executive chairman. Mr Daniel John Beasley is the managing director/CEO, and has more than 20 years of experience in the group.

 

September 2014

IQ-group celebrates its 25 years ‘Silver Anniversary’.

September 2009

IQ-group established a joint venture with SemiLEDs Optoelectronics Co. Ltd to form SILQ (Malaysia) Sdn Bhd, aimed to capitalize upon the growing trend towards LED lighting.

January 2008

IQ Group Dongguan attained ISO 9001 accreditation.

August 2007

IQ-group established IQ Group (Dongguan) Ltd., a manufacturing facility based in Dongguan, China.

October 2005

IQ Group Holdings Berhad listed on the main board of Bursa Malaysia Securities Berhad.

August 1999

IQ Malaysia extended its manufacturing facilities in Penang, doubling its production capacity and expanding its R&D facilities.

September 1998

IQ Malaysia attained ISO 9002 accreditation (later upgraded to ISO 9001 in November 2001).

May 1998

IQ Representative Office established in Taipei, Taiwan, responsible for R&D and technology development.

May 1998

IQ Japan established in Ritto, Japan, responsible for sales & marketing in Japan & S.E. Asia.

September 1993

IQ Europe established in the United Kingdom, responsible for sales & marketing in the UK & EU.

September 1989

IQ-group established in Penang, Malaysia.

 

Things that you may like in IQ Group:

1) Net cash company. The company cash has been growing from 6,850 M to 47,596 M among the 5 years’ time (594% growth)

2) Debt equity ratio of 0.25

3) Start paying dividend for the past 2 years and growing from 8 cent to 10 cent (25% growth)

4) > 90% business revenue came from export especially to Europe and US hence with recent weakening of Ringgit; this may push up the upcoming earning

5) their new product Lumiqs LED  can save the energy up to 90%

 

2012

2013

2014

2015

2016

Basic EPS (Cent)

7.39

0.73

13.19

24.49

23.75

Gross Dividend (Cent)

0

0

0

8

10

Cash

6,850

11,090

20,927

43,160

47,596

Long term asset

30,588

28,893

25,844

27,267

28,171

Long term liability

912

1,971

1,584

1,832

1,719

 

Peer’s comparison

 

IQGROUP

JHM

MiKROMB

TRIVE

SCOPE

Nature

Manufacture and sale for security and convenient product like infra-red product

Designing and manufacturing semiconductor light emitting diode components

Manufacture and sale of analogue, digital and computer controlled electronic device

Development, design and marketing rechargeable battery

Manufacture and assembly of electronic component, power  transformer and other electronic components

Market Capital (Million)

345.95

582.193

211.155

140.342

127.761

PE

16

32

20

67.5

80

ROE%

15.26

35.78

19.68

0

1.446

Dividend per share

11.01

-

1.60

-

-

 

Advantages of IQ Group:

1)  Highest dividend among the peers

2) Cheapest among the peers (lowest PE)

3) Reasonable ROE

IQ group has been expanding his business from manufacturing value chain, evolving from OEM to ODM, pure manufacturer to technology company. Research and development has help IQ Group to obtain more business and generate more income in the future.

 

IQ group has fufill WARREN BUFFETT STOCK INVESTMENT CRITERIA

We want the business to be:

1.       With favourable long-term prospects, (Nowaday,, people prefer to  use energy saving light that prove save up to 90%, more environmental friendly)

2.       Operated by honest and competent people, (Managing director and CEO has been with the company for   the past 20years)                                                                                                                                                                       

3.       Available at a very attractive price (lowest PE among the peer)

IQ Group is a business that you definitely do not want to miss out in your investment portfolio !!

 

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Labels: IQGROUP

Related Stocks

Chart Stock Name Last Change Volume 
IQGROUP 1.12 -0.18 (13.85%) 1,245,900 

  Be the first to like this.
 
eyewitness You wrote:"hence with recent weakening of Ringgit; this may push up the upcoming earning."
I thought Ringgit strengthened, not weakened.
07/06/2017 12:35 AM
tenmil I have been holding IQ for the past 3 years. The company management is top notch as mentioned in your report. Do what they said and executed business plan well. I intended to hold this for long term. This is one of the 3 tech companies that i think the management are first class. The other two are Penta and Vitrox.
07/06/2017 12:48 AM
SALAM Yes, RM is strenthening steadily..
07/06/2017 8:56 AM
supersaiyan3 This company low tech lah, assemble only, you think they can make LED chip meh....zzz
07/06/2017 9:27 AM
SALAM Low paid up, Low free float, shares tightly held, able to control share movement...
07/06/2017 10:31 AM


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