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0.23   0.00 (0.00%)  0.225 - 0.235  3,270,800
936 comment(s). Last comment by Shines at Nov 13, 2019 9:53 AM
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1173 posts

Posted by richcares > Oct 7, 2019 12:50 PM | Report Abuse

What is happening

2 posts

Posted by Legendtraderrr > Oct 7, 2019 1:03 PM | Report Abuse

QES sees earnings uplift in 2020

KUALA LUMPUR: The semiconductor industry and players forming part of its supply chain have been hit hard by the ongoing US-China trade conflict.

One such player is QES Group Bhd, listed on Bursa Malaysia’s ACE Market in March 2018, which distributes, manufactures and provides engineering services for inspection, test, measuring, analytical and automated handling equipment.

However, the group is hopeful of an earnings uplift for the next financial year ending Dec 31, 2020 (FY20), driven by a new product and a pickup in orders from its manufacturing segment.

QES’ setback this year saw it reporting a net loss of RM1.53 milion for the second quarter (2QFY19) — compared to a net profit of RM5.1 million a year ago — the group’s first quarterly loss since its listing. Revenue for the quarter was down 12.9% to RM40.51 million.

This resulted in the first-half (1HFY19) net profit plunging 95.4% year-on-year to RM305,000, on a 4.5% decline in revenue to RM80.39 million.

“Our manufacturing side was badly affected, partly by the US-China trade war,” QES managing director Chew Ne Weng told The Edge Financial Daily.

“But I would say our earnings were brought down mostly by a majority of our customers [in the manufacturing segment] who are automotive IC (integrated circuit) makers, impacted by a decline in global vehicle sales,” he said.

“The decline in automotive sales prompted our customers to postpone their buying activities, hitting us hard.

“Going forward, we are focusing on having a product mix, meaning the same machine being sold to different segments of customers. For example, semiconductor firms supplying Internet of things devices and smartphones. By doing that, we are not so concentrated on just the automotive segment.”

Chew said the group expects 2HFY19 to be better as orders have been picking up since August.

“My only concern is I may not be able deliver in [good] time for this year, as the delivery lead time for our machines is about three months. So, for orders in the later part of the year, we can only recognise them in our books next year.”

QES’ order book as of 2QFY19 stood at RM48.6 million, of which RM40.14 million was from its distribution division and RM8.48 million from its manufacturing division.

On the aforementioned new product, the group is looking to commence pilot testing of its Fully Automatic Vision Inspection System (Favis) by 3QFY20. Favis is an upgraded vision inspection system with full automation covering wafer probing, dicing and wire bonding.

“The product will be at a testing phase before its full commercialisation. Conservatively, if we can sell three to five machines in 2020, it could generate something like US$3 million in revenue,” said Chew.

Manufacturing activities accounted for 18.3% of the group’s revenue for FY18, with QES looking to grow this further. It is looking to expand its manufacturing customer base to China this year, by working with sales partners and distributors there.

The group’s distribution division remains the largest revenue contributor at 81.7% for FY18.

QES distributes inspection, test and measurement equipment materials for its principals — mostly from Japan, Europe and the US — not just in Malaysia but also in other Asean countries where it has a presence — Singapore, Thailand, the Philippines, Indonesia and Vietnam.

“With the drop in revenue from our manufacturing division, we expect a larger portion of revenue from our very established distribution segment. In fact, QES started 28 years ago as a distribution company and today, we distribute over 10,000 products from around the world.

“Besides product sales, we also have recurring income from servicing the equipment sold, contributing around RM35 million to RM40 million to our revenue yearly,” said Chew.

Chew and executive director Liew Soo Keang are the group’s largest shareholders, with 33.66% and 26.09% stakes respectively. The two are former schoolmates; their alma mater is Kolej Sultan Abdul Hamid in Alor Setar.

QES’ share price rose to a record-high of 35.9 sen on Oct 4 last year. Since then, it has been declining, closing at 17.5 sen last Friday — below the initial public offering price of 19 sen — with a market capitalisation of RM132.7 million.

AmInvestment Bank, the sole research house covering QES, in an Aug 29 note, said it still likes the group for its long-term expansion plans for the manufacturing segment and resilient recurring revenue from its trading and servicing business.

However, it is taking a cautious stance on the group due to uncertainties from the long-standing dispute between the US and China. AmInvestment has a “hold” call on the stock with a fair value of 21 sen.

3 posts

Posted by EdwinCg > Oct 8, 2019 8:17 AM | Report Abuse

good volume done yesterday, today gonna to break 19sen then 205sen.. "'something is gonna happen to this semiconductor compny ". Technology stock is on fire.

1241 posts

Posted by Shines > Oct 8, 2019 1:19 PM | Report Abuse

I doubt

1241 posts

Posted by Shines > Oct 10, 2019 6:54 AM | Report Abuse

In business, I can accept up an down as you cannot business to be uptrend all the times. If down, keep lo as investments

512 posts

Posted by Sanofi > Oct 10, 2019 3:21 PM | Report Abuse

buy some and keep ok la

512 posts

Posted by Sanofi > Oct 10, 2019 4:00 PM | Report Abuse

don't buy too much just a little big enough

990 posts

Posted by asahmad > Oct 11, 2019 3:34 PM | Report Abuse

what happen....dive

512 posts

Posted by Sanofi > Oct 14, 2019 4:48 PM | Report Abuse

luckily I top up on istone last 2 weeks

116 posts

Posted by Alex5398 > Oct 14, 2019 6:02 PM | Report Abuse

potential stock!

1241 posts

Posted by Shines > Oct 15, 2019 3:41 AM | Report Abuse

Sanofi are you in the right house

116 posts

Posted by Alex5398 > Oct 16, 2019 10:31 AM | Report Abuse

a l l t he wa y to 0.250.

422 posts

Posted by aaabbbccc > Oct 16, 2019 12:32 PM | Report Abuse

will fly further ?

422 posts

Posted by aaabbbccc > Oct 16, 2019 12:32 PM | Report Abuse


116 posts

Posted by Alex5398 > Oct 16, 2019 2:17 PM | Report Abuse

next Mpay!

66 posts

Posted by yamiyugi > Oct 16, 2019 4:40 PM | Report Abuse

what happened to this counter? suddenly so much volume? wait me collect more before fly

422 posts

Posted by aaabbbccc > Oct 16, 2019 5:01 PM | Report Abuse

tmorrow fly further ? hehe

422 posts

Posted by aaabbbccc > Oct 16, 2019 5:01 PM | Report Abuse

0.205 still sapu so much after closing time .. hehe

422 posts

Posted by aaabbbccc > Oct 18, 2019 11:38 AM | Report Abuse

strong support at 0.205

1241 posts

Posted by Shines > Oct 18, 2019 1:55 PM | Report Abuse

Breaking soon

116 posts

Posted by Alex5398 > Oct 20, 2019 4:33 PM | Report Abuse

deeply undervalue stock !

81 posts

Posted by niasing > Oct 24, 2019 2:11 PM | Report Abuse

AmInvest TP 0.28, i hope so...gogo~

422 posts

Posted by aaabbbccc > Oct 24, 2019 5:29 PM | Report Abuse

will up further

903 posts

Posted by EatCoconutCanWin > Oct 24, 2019 5:32 PM | Report Abuse

dont touch tech counter. avoid

422 posts

Posted by aaabbbccc > Oct 24, 2019 11:18 PM | Report Abuse

when qr release for this counter

Huat 888
71 posts

Posted by Huat 888 > Oct 27, 2019 8:20 PM | Report Abuse

should b end November

1241 posts

Posted by Shines > Oct 28, 2019 10:10 AM | Report Abuse

Not all tech counters cannot touch, QES have been at this 20 22 level for so long, I see something brewing slowly not boiling yet

Kuala Kangsar Durian Farmer
9 posts

Posted by Kuala Kangsar Durian Farmer > Oct 29, 2019 11:28 AM | Report Abuse


Hawk Eye
49 posts

Posted by Hawk Eye > Oct 29, 2019 12:07 PM | Report Abuse

QES going fast..as Money life Research suggested point .232 la...and ht la..now 2nd move la..

22 posts

Posted by Life1nvest > Oct 30, 2019 12:05 PM | Report Abuse


422 posts

Posted by aaabbbccc > Oct 31, 2019 6:10 PM | Report Abuse

another level of support 0.235.. will up soon.. hehe

116 posts

Posted by Alex5398 > Nov 1, 2019 7:10 PM | Report Abuse


75 posts

Posted by jamesssss > Nov 3, 2019 4:40 PM | Report Abuse

This counter has show overbought and getting less volumes, going to drop later..

422 posts

Posted by aaabbbccc > Nov 4, 2019 8:32 PM | Report Abuse

y sell? sit down and relax only.. wait for it rise.. come on babe

353 posts

Posted by Jetly > Nov 7, 2019 9:47 PM | Report Abuse

Wow cool flying soon

1241 posts

Posted by Shines > Nov 13, 2019 9:53 AM | Report Abuse

Yes south going plane

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