Highlights
KLSE: QES (0196)       QES GROUP BHD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.245   +0.015 (6.52%)  0.24 - 0.25  12,994,700
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  3 people like this.
 
thesteward Omg with their offices in HK ? Susah di going forward?
27/08/2019 9:35 PM
Min Kuan Lau Any chances qes fly in 2H
11/09/2019 1:28 PM
Drybz 0.170 has been strongly supported
13/09/2019 8:26 PM
Shines Haha got a can of spinarch from the dumpsite, popoye become active.
17/09/2019 1:37 PM
Min Kuan Lau Jac ngu not yet le
20/09/2019 1:10 PM
Sanofi what happen ? suddenly heavy blockage at 0.19
25/09/2019 4:12 PM
Shines Blocking there only, dont block also cannot cross today
03/10/2019 8:22 AM
kasrim run
03/10/2019 11:15 AM
Shines I am waiting to see how the blockage is going to melt
05/10/2019 6:06 AM
fried_rice_king wow 0.19, what they plan to do ohhh
07/10/2019 11:36 AM
richcares What is happening
07/10/2019 12:50 PM
Legendtraderrr 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.
07/10/2019 1:03 PM
EdwinCg good volume done yesterday, today gonna to break 19sen then 205sen.. "'something is gonna happen to this semiconductor compny ". Technology stock is on fire.
08/10/2019 8:17 AM
Shines I doubt
08/10/2019 1:19 PM
Shines In business, I can accept up an down as you cannot business to be uptrend all the times. If down, keep lo as investments
10/10/2019 6:54 AM
Sanofi buy some and keep ok la
10/10/2019 3:21 PM
Sanofi don't buy too much just a little big enough
10/10/2019 4:00 PM
asahmad what happen....dive
11/10/2019 3:34 PM
Sanofi luckily I top up on istone last 2 weeks
14/10/2019 4:48 PM
Alex5398 potential stock!
14/10/2019 6:02 PM
Shines Sanofi are you in the right house
15/10/2019 3:41 AM
Alex5398 a l l t he wa y to 0.250.
16/10/2019 10:31 AM
aaabbbccc will fly further ?
16/10/2019 12:32 PM
aaabbbccc hehe
16/10/2019 12:32 PM
Alex5398 next Mpay!
16/10/2019 2:17 PM
yamiyugi what happened to this counter? suddenly so much volume? wait me collect more before fly
16/10/2019 4:40 PM
aaabbbccc tmorrow fly further ? hehe
16/10/2019 5:01 PM
aaabbbccc 0.205 still sapu so much after closing time .. hehe
16/10/2019 5:01 PM
aaabbbccc strong support at 0.205
18/10/2019 11:38 AM
Shines Breaking soon
18/10/2019 1:55 PM
Alex5398 deeply undervalue stock !
20/10/2019 4:33 PM
niasing AmInvest TP 0.28, i hope so...gogo~
24/10/2019 2:11 PM
aaabbbccc will up further
24/10/2019 5:29 PM
EatCoconutCanWin dont touch tech counter. avoid
24/10/2019 5:32 PM
aaabbbccc when qr release for this counter
24/10/2019 11:18 PM
Huat 888 should b end November
27/10/2019 8:20 PM
Shines 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
28/10/2019 10:10 AM
Kuala Kangsar Durian Farmer http://www.theedgemarkets.com/article/semiconductor-industry-set-growth-or-further-slowdown?type=malaysia
29/10/2019 11:28 AM
Hawk Eye QES going fast..as Money life Research suggested point .232 la...and ht la..now 2nd move la..
29/10/2019 12:07 PM
Life1nvest https://klse.i3investor.com/blogs/ExcellerPlus/232601.jsp
30/10/2019 12:05 PM
aaabbbccc another level of support 0.235.. will up soon.. hehe
31/10/2019 6:10 PM
Alex5398 https://klse.i3investor.com/m/blog/kianweiaritcles/233286.jsp
01/11/2019 7:10 PM
jamesssss This counter has show overbought and getting less volumes, going to drop later..
03/11/2019 4:40 PM
aaabbbccc y sell? sit down and relax only.. wait for it rise.. come on babe
04/11/2019 8:32 PM
Jetly Wow cool flying soon
07/11/2019 9:47 PM
Shines Yes south going plane
13/11/2019 9:53 AM
Shines Yes, down more
14/11/2019 9:10 PM
vcheekeong rebound?
15/11/2019 1:01 PM
Shines Reached southern destination, now flying back north haha, but looks like retailers are shying away
15/11/2019 1:37 PM
JacNgu bunga bunga
15/11/2019 4:28 PM