Highlights
KLSE: QES (0196)       QES GROUP BHD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.61   -0.005 (0.81%)  0.60 - 0.62  6,478,700
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Financials


Market Cap: 509 Million

Market Cap 509 Million
NOSH 834 Million

Latest Audited Result:  31-Dec-2020

Latest Audited Result: 31-Dec-2020
Announcement Date 30-Apr-2021
Next Audited Result: 31-Dec-2021
Est. Ann. Date: 30-Apr-2022
Est. Ann. Due Date: 29-Jun-2022

Latest Quarter:  30-Sep-2021 [#3]

Latest Quarter: 30-Sep-2021 [#3]
Announcement Date 18-Nov-2021
Next Quarter: 31-Dec-2021
Est. Ann. Date: 23-Feb-2022
Est. Ann. Due Date: 01-Mar-2022
QoQ | YoY   -2.13%  |    132.10%

Annual (Unaudited) ( EPS: 1.12, P/E: 58.76 )

Revenue | NP to SH 155,224  |  8,660
RPS | P/RPS 18.61 Cent  |  3.28
EPS | P/E | EY 1.12 Cent  |  58.76  |  1.70%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.14  |  4.36
YoY   161.87%
NP Margin | ROE 5.58%  |  7.42%
F.Y. | Ann. Date 31-Dec-2020  |  23-Feb-2021

T4Q Result ( EPS: 1.98, P/E: 30.77 )

Revenue | NP to SH 199,184  |  16,535
RPS | P/RPS 23.88 Cent  |  2.55
EPS | P/E | EY 1.98 Cent  |  30.77  |  3.25%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.16  |  3.81
QoQ | YoY   14.93%  |    98.12%
NP Margin | ROE 8.52%  |  12.39%
F.Y. | Ann. Date 30-Sep-2021  |  18-Nov-2021

Annualized Result ( EPS: 2.33, P/E: 26.20 )

Revenue | NP to SH 211,446  |  19,422
RPS | P/RPS 25.35 Cent  |  2.41
EPS | P/E | EY 2.33 Cent  |  26.20  |  3.82%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -10.02%  |    117.68%
NP Margin | ROE 9.46%  |  14.55%
F.Y. | Ann. Date 30-Sep-2021  |  18-Nov-2021


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2021 18-Nov-2021 30-Sep-2021 3 51,671 5,288 3,710 3,774 - 133,462 - % 7.18% 2.83% 834,138 6.19 6.19 0.45 0.45 0.00 0.00 0.1600 0.16   -2.13%   132.10% 30-Sep-2021 0.775 12.51 171.29 4.84 0.58% 0.00% 18-Nov-2021 0.77 12.43 170.19 4.81 0.59% 0.00%
31-Dec-2021 20-Aug-2021 30-Jun-2021 2 54,303 5,431 3,879 3,856 - 125,120 - % 7.14% 3.08% 834,138 6.51 6.51 0.46 0.46 0.00 0.00 0.1500 0.15   -44.41%   49.92% 30-Jun-2021 0.82 12.60 177.38 5.47 0.56% 0.00% 20-Aug-2021 0.815 12.52 176.30 5.43 0.57% 0.00%
31-Dec-2021 19-May-2021 31-Mar-2021 1 52,611 8,962 7,415 6,937 - 125,120 - % 14.09% 5.54% 834,138 6.31 6.31 0.83 0.83 0.00 0.00 0.1500 0.15   252.49%   178.15% 31-Mar-2021 0.50 7.93 60.12 3.33 1.66% 0.00% 19-May-2021 0.63 9.99 75.75 4.20 1.32% 0.00%
31-Dec-2020 23-Feb-2021 31-Dec-2020 4 40,599 2,540 1,966 1,968 - 116,779 - % 4.84% 1.69% 834,138 4.87 4.87 0.24 0.24 0.00 0.00 0.1400 0.14   21.03%   18.98% 31-Dec-2020 0.295 6.06 125.04 2.11 0.80% 0.00% 0.54 11.09 228.88 3.86 0.44% 0.00%
31-Dec-2020 19-Nov-2020 30-Sep-2020 3 35,969 2,328 1,601 1,626 - 98,580 - % 4.45% 1.65% 758,308 4.74 4.31 0.21 0.19 0.00 0.00 0.1300 0.12   -36.78%   20.62% 30-Sep-2020 0.275 5.80 128.25 2.12 0.78% 0.00% 19-Nov-2020 0.305 6.43 142.24 2.35 0.70% 0.00%
31-Dec-2020 27-Aug-2020 30-Jun-2020 2 38,884 3,524 2,653 2,572 - 90,996 - % 6.82% 2.83% 758,308 5.13 4.66 0.34 0.31 0.00 0.00 0.1200 0.11   3.13%   268.32% 30-Jun-2020 0.20 3.90 58.97 1.67 1.70% 0.00% 27-Aug-2020 0.325 6.34 95.82 2.71 1.04% 0.00%
31-Dec-2020 29-May-2020 31-Mar-2020 1 39,772 3,334 2,443 2,494 - 90,996 - % 6.14% 2.74% 758,308 5.24 4.77 0.33 0.30 0.00 0.00 0.1200 0.11   50.79%   36.06% 31-Mar-2020 0.11 2.10 33.45 0.92 2.99% 0.00% 29-May-2020 0.18 3.43 54.73 1.50 1.83% 0.00%
31-Dec-2019 24-Feb-2020 31-Dec-2019 4 41,444 1,124 1,757 1,654 - 90,996 - % 4.24% 1.82% 758,308 5.47 4.97 0.22 0.20 0.00 0.00 0.1200 0.11   22.70%   -51.61% 31-Dec-2019 0.23 4.21 105.45 1.92 0.95% 0.00% 24-Feb-2020 0.185 3.38 84.82 1.54 1.18% 0.00%
31-Dec-2019 21-Nov-2019 30-Sep-2019 3 39,536 2,613 1,388 1,348 - 83,413 - % 3.51% 1.62% 758,308 5.21 4.74 0.18 0.16 0.00 0.00 0.1100 0.10   188.22%   -66.68% 30-Sep-2019 0.185 3.55 104.07 1.68 0.96% 0.00% 21-Nov-2019 0.24 4.60 135.01 2.18 0.74% 0.00%
31-Dec-2019 26-Aug-2019 30-Jun-2019 2 40,510 -1,020 -1,562 -1,528 - 83,413 - % -3.86% -1.83% 758,308 5.34 4.86 -0.20 -0.18 0.00 0.00 0.1100 0.10   -183.36%   -129.97% 28-Jun-2019 0.205 3.84 -101.74 1.86 -0.98% 0.00% 26-Aug-2019 0.19 3.56 -94.29 1.73 -1.06% 0.00%
31-Dec-2019 27-May-2019 31-Mar-2019 1 39,883 2,883 1,871 1,833 - 90,996 - % 4.69% 2.01% 758,308 5.26 4.78 0.24 0.22 0.00 0.00 0.1200 0.11   -46.37%   21.55% 29-Mar-2019 0.245 4.66 101.36 2.04 0.99% 0.00% 27-May-2019 0.205 3.90 84.81 1.71 1.18% 0.00%
31-Dec-2018 26-Feb-2019 31-Dec-2018 4 59,196 3,851 3,763 3,418 - 90,996 - % 6.36% 3.76% 758,308 7.81 7.10 0.45 0.41 0.00 0.00 0.1200 0.11   -15.52%   7.79% 31-Dec-2018 0.215 2.75 47.70 1.79 2.10% 0.00% 26-Feb-2019 0.25 3.20 55.46 2.08 1.80% 0.00%
31-Dec-2018 26-Nov-2018 30-Sep-2018 3 49,719 5,313 4,345 4,046 - 83,413 - % 8.74% 4.85% 758,308 6.56 5.96 0.53 0.49 0.00 0.00 0.1100 0.10   -20.65%   - % 28-Sep-2018 0.335 5.11 62.79 3.05 1.59% 0.00% 26-Nov-2018 0.28 4.27 52.48 2.55 1.91% 0.00%
31-Dec-2018 27-Aug-2018 30-Jun-2018 2 46,501 6,783 5,290 5,099 - 83,413 - % 11.38% 6.11% 758,308 6.13 5.57 0.67 0.61 0.00 0.00 0.1100 0.10   238.13%   - % 29-Jun-2018 0.175 2.85 26.03 1.59 3.84% 0.00% 27-Aug-2018 0.275 4.48 40.90 2.50 2.45% 0.00%
31-Dec-2018 30-May-2018 31-Mar-2018 1 37,683 2,655 1,414 1,508 - 65,214 - % 3.75% 2.31% 652,145 5.78 4.52 0.23 0.18 0.00 0.00 0.1000 0.08   -52.44%   - % 30-Mar-2018 0.19 3.29 82.17 1.90 1.22% 0.00% 30-May-2018 0.18 3.12 77.84 1.80 1.28% 0.00%
31-Dec-2017 05-Mar-2018 31-Dec-2017 4 51,305 4,576 3,614 3,171 - 48,531 - % 7.04% 6.53% 606,647 8.46 6.15 0.52 0.38 0.00 0.00 0.0800 0.06   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2017 30-Sep-2017 3 - - - - - - - % - % - % - - - - - - - - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2017 30-Jun-2017 2 - - - - - - - % - % - % - - - - - - - - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2017 31-Mar-2017 1 - - - - - - - % - % - % - - - - - - - - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2016 31-Dec-2016 4 - - - - - - - % - % - % - - - - - - - 2.7300 2.73   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  9 people like this.
 
hantamking Habis apa
06/12/2021 2:15 PM
brandon99 12 12 sales dah habis?
06/12/2021 2:16 PM
Okayman I never think it can go down that deep. still in downtrend. Perhaps bottom is 0.3??
06/12/2021 3:38 PM
Newbieinshare buy on red sell on green. huge discount. buy buy sapu
06/12/2021 4:00 PM
Okayman .it still downtrend....monitor few more days
06/12/2021 4:09 PM
Okayman just now set 0.59 could not get. will wait again and split into 3 batches average down..
06/12/2021 4:15 PM
Lucifer999 shock of my life 0.595
06/12/2021 4:40 PM
Okayman Not sure, maybe this week will be down to 0.4 to 0.5. My guess the bottom will be 0.3.
06/12/2021 5:23 PM
harisham74 going strong again to 0.65
07/12/2021 3:26 PM
Okayman i don think so....still in downtrend... just monitor in this week
07/12/2021 8:41 PM
MrRightMrLeft Just wait for 50c n 40c n 30c Okay man...jus wait...
07/12/2021 8:52 PM
Okayman if it going up, i more than happy to see that. if it still down..i will split my capital to average down..just wait and see
08/12/2021 9:07 AM
fruitcake hohoho...short & that's the only way to make money
08/12/2021 4:51 PM
fruitcake today short again
09/12/2021 8:42 AM
Okayman just ignore it...only when drop below 0.6 then consider top up..i think this week no show.
09/12/2021 4:47 PM
lalazai9 Goreng from 30 cent to 90 cent, profit increase 200% or not? Think urself
09/12/2021 7:28 PM
Okayman any chances today will down below 0.6?
10/12/2021 9:51 AM
Grova1 The Malaysian manufacturing sector continued to improve in November. In a separate statement, IHS Markit said the ASEAN manufacturing sector remained in expansion territory during November but the PMI was down at 52.3 compared with 53.6 in October.

Indonesia recorded the fastest rate of expansion with the PMI (53.9), followed by Malaysia (52.3), Vietnam, the Philippines and Singapore (52.2), Thailand (50.6) and Myanmar (50.0). Commenting on the result, the economist Lewis Cooper said the PMI remained above the 50.0 mark to signal another improvement in manufacturing conditions, buoyed by further increase in factory production, with the rate of output growth easing only slightly from October's survey record.

"Overall, the latest data provide some promising signs, with the ASEAN manufacturing sector continuing to recover, and rates of growth in output and new work sticking close to their recent peaks," he said.


Reflection:

The manufacturing production has been increasing since October. In other words, barring unforeseen circumstances such as new rounds of lockdowns, manufacturers are more likely to make more money in Q4 than they did in Q3. Besides, PMI in other ASEAN countries are showing recovery too. It is good news as QES derives most of its revenue from ASEAN countries : Malaysia (42.1%), Singapore (18.1%), Vietnam (14.6%), the Philipes (5.2%) and Indonesia (5.4%).

Reference:https://www.klsescreener.com/v2/news/view/917897/malaysia-s-november-manufacturing-pmi-rises-to-52-3
10/12/2021 4:02 PM
Okayman downtrend still...my guess next week should break 0.6 all way down..
10/12/2021 4:07 PM
Grova1 I agree with you. The market sentiment is really bearish now. But as long as the prospect and fundamental are good, I'll hold on to my shares.
10/12/2021 4:15 PM
Okayman correct. If you have more capital can split it to average down. If you afraid, might need to set a cutloss point to save your money..Nobody will know what will happen especially msia stock..
10/12/2021 4:19 PM
Grova1 Why is the share price of QES going down?

To answer this question, we need to identify the setbacks faced by the industry as a whole.

Below are the setbacks/challenges listed by QES, Mi, Vitrox, Pentamaster and Greatec in their quarterly reports:

QES (Q3, 2021)

QES reported a decline in the distribution section but a slight increase in the manufacturing section. However, no specific reason is provided in the report. I can only identify a few general problems faced by the group under the prospect section:

1. Global supply chain disruptions

2. Looming energy crisis

3. Shipment delays

4. Critical components' longer delivery lead time

Reference: https://cdn1.i3investor.com/my/files/st88k/0196_QES/qr/2021-09-30/0196_QES_QR_2021-09-30_QESResultQ32021_Final_284704097.pdf



Vitrox (Q3, 2021)

1. The decline in revenue was primarily a result of realignment with customers on the shipment delivery date to next quarter as a result of temporary supply chain disruption due to Covid-19 cases.

Reference: https://cdn1.i3investor.com/my/files/st88k/0097_VITROX/qr/2021-09-30/0097_VITROX_QR_2021-09-30_ViTroxQ3_2021_395947341.pdf



Mi (Q3 2021)

I only list out the problems faced by the division of SEBU of MI so that we can make an apple-to-apple comparison.

In the third quarter, the revenue stayed flat as per last year without strong growth, mainly due to:

1. Change in customer order trend where some orders were pulled in earlier to Q2 2021 in anticipation of the possible interruption by full lockdown in Malaysia. Some were pushed out to the subsequent quarters to suit customers’ capex spending timing and revised new capacity schedule.


2. Global chip shortage from upstream wafer fabs has influenced customers’ capacity plan, hence, deferment in delivery schedule.

Reference: https://cdn1.i3investor.com/my/files/st88k/5286_MI/qr/2021-09-30/5286_MI_QR_2021-09-30_MiTBQ3FYE202129Oct2021_333044148.pdf



Penta (Q3 2021)

Penta is the only group among the four main ATE makers that show QoQ improvement. I will only consider its Automated Test Equipment segment here. Despite its higher profit compared to Q2 2021, the increase was marginal. Here are the reasons:


1. The Group undertook a higher quantum of prototype projects for proof of concept and lower margin product mix.

2. The profit margin was also affected by the higher component price of certain material and an escalating shipment cost.

3. With the impending opening up of more cross border travelling, the Group anticipates a smoother progress in its project site installation and deployment at its customer’s premise, which is an important milestone for revenue recognition to take place. (In other words, the group's revenue is actually a lot more than it is on paper, but it cannot be recognised in Q3 due to travelling restrictions)

4. The semiconductor shortage and supply chain constraints remained a pertinent concern to the global technology market. As it is, the Group has been experiencing order intake momentum where customers across the industry segments are gradually preparing for higher levels of inventory to ensure supply security.

Reference: https://cdn1.i3investor.com/my/files/st88k/7160_PENTA/qr/2021-09-30/7160_PENTA_QR_2021-09-30_Q32021_1391981374.pdf



Greatec (Q3, 2021)

1. The group's profit drops QoQ due to the lower revenue contribution from PLS. There were some rescheduling from customer to postpone the equipment installations due to the strictest lockdown measures by certain country.

2. Furthermore, there were lesser revenue recognised during the current financial quarter due to the PLS shipped in the last quarter were in customer site acceptance this quarter.

3. In addition, the new projects have yet to reach the milestone for revenue recognition during this quarter.

Reference: https://cdn1.i3investor.com/my/files/st88k/0208_GREATEC/qr/2021-09-30/0208_GREATEC_QR_2021-09-30_Q32021Announcement_Final_1242157092.pdf



Reflection:

From the extracts taken out from the groups' quarterly reports, we know that the whole industry is facing generally the same type of problems. Most of them have orders in hand, but the revenue cannot be recognised due to a variety of problems, particularly lockdowns and shipment delays in Q2. However, we can rest assured that the prospect of the industry is still intact (unlike the glove industry), and QES is not the only group that has seen drops in revenue QoQ.

As long as the fundamentals of QES and the industry prospect are still intact, we don't have to worry too much. What we can do now is to wait for the bearish market to get over.

As Mr Koon Yew Yin once said, once the tide rises, it raises all boats. (Don't forget QES has been increasing its capex to capture the burgeoning market share).
10/12/2021 7:14 PM
Depeche No doubt QES will perform better in coming years...
16/12/2021 6:57 AM
Okayman let wait for below 0.6 in next week.
17/12/2021 9:21 PM
Newbieinshare Buy now. Show time at 4pm. Dun miss the boat
27/12/2021 3:27 PM
Grova1 I would like to share my new findings with all of you here. I hope you enjoy reading it. Please point out my mistakes if there is any.

Similar to Aemulus, Elsoft and Greatec, QES’s manufacturing division is involved in EVs. To date, the global sales of EV have increased by 91%. From 2020 to 2021, China’s EV sales have increased by 6.2 %. In 2021, EV constitutes 11.7% in the Chinese automotive market. China’s EV sales are expected to increase by 18% in 2023. The European market has increased by 61% from 2020 to 2021. In 2021, EV constitutes over 15% or the European automotive market. It is estimated that in 2025, EV will constitute 30% of the global automotive market. From the article on Digitimes Asia, it is clear that the industry of EV is burgeoning. This industry trend is in line with QES’s newly launched products – PDA1000V and WSM1200 – which are used extensively in EVs. If QES manages to bag large orders for its manufacturing division, the market will value it favourably.

References:
1. https://www.digitimes.com/news/a20211227VL200.html
2. https://www.qesnet.com/wp-content/uploads/2021/12/INVESTOR-BRIEFING-%E2%80%93-Q3-2021-Financial-Results.pdf
28/12/2021 12:38 AM
8dragon Que to sell @ 0.67...
28/12/2021 9:45 AM
Armanhashim monitor closely ..
29/12/2021 5:14 PM
Yo EzLife by the end of 2021 got chance .75 bo?
29/12/2021 9:38 PM
Westeros Happy New Year 2022 guys
03/01/2022 12:30 PM
Westeros Grova1...yes you are right QES is a counter for investment which translates to holding power , one needs to hold this counter for few years in order to maximize profits..for example in early 2017 Penta was doing about RM0.30 as such short term holders would have sold it when it hit say maybe RM0.60 - RM0.90. However 3 years later the share price for Penta was RM5++ as such those who had accumulated and hold this counter for 3 years are the ones who reaped the maximum profit. As such my say is QES is one such counter, another counter that is also similar would be FPG. Hope this information helps.
03/01/2022 12:35 PM
manager777 Happy new year guys.

https://youtu.be/jYkzPprfgeg
03/01/2022 3:14 PM
Investformilkmoney @manager777 thanks for sharing
03/01/2022 5:59 PM
harisham74 good show today..
04/01/2022 10:53 AM
Armanhashim I dont want to comment anything for the time being ..
05/01/2022 6:19 PM
8dragon This is not a good tech counter to invest...Can look at Frontkn for better return...
05/01/2022 7:38 PM
Grova1 The net profit margin of QES is not as high as other tech counters. This is because the company derives a big chunk of its revenue from its distribution division which enjoys a gross profit margin of around 22% - 23%. However, what most of the investors look at here is its manufacturing division which potentially yields a gross profit margin of 40% in a few years down the road.

By the way, as of 5 January 2022, QES has been trading around PE 35.31 while MI (PE 47.63), PENTA (PE 51.86), Greatec (59.26), Vitrox (PE 59.83), Aemulus (PE 77.93) and Elsoft (PE 366.22). As you can see from the PEs, QES's lower profit margin has been priced in and in the recent price run-up, what people focus is its future in manufacturing, especially after its joint venture with Applied Engineering which will help it move up the value chain which in turn will yield a even higher gross profit margin.

So you should ask yourself this question:

Considering the global chip shortage and future technological developments such as EVs, 5G and IoTs, do you believe that QES will succeed in expanding its manufacturing division?

If you believe in QES's endeavour, buy QES when it is still cheap because the future of its manufacturing division has not been priced in yet.

If you don't believe in QES's endeavour, buy other tech counters which are traded at high PEs as investors have priced in the future of the business.

Reference: https://www.theedgemarkets.com/article/qes-group-aims-be-bigname-equipment-player
06/01/2022 1:17 AM
Carnation Buy call QES when price is still cheap
07/01/2022 10:42 PM
8dragon Better go for Dnex instead of Qes. This stock won't be able to break 0.80 in this Qtr..
08/01/2022 8:34 AM
manager777 https://www.theedgemarkets.com/article/sector-year-ev-wave-global-chip-crunch-fuel-tech-rally?type=corporate
10/01/2022 2:30 PM
OrlandoOilSemiconIoT Tech stocks dropping in sympathy to NASDAQ
10/01/2022 4:06 PM
8dragon This counter drop more than going up... not a good counter to focus..
10/01/2022 7:58 PM
Armanhashim what happen ?
10/01/2022 8:41 PM
harisham74 Nasdaq..ok.. QES will be OK...
12/01/2022 7:40 AM
Okayman Think this time will drop below 0.6 liao
13/01/2022 6:00 PM
8dragon shift your portfolio to Dnex...you will loose more here..
13/01/2022 6:19 PM
LubeTrader Fear not. Buy the dip. Reap the reward later.
14/01/2022 2:13 PM
Grova1 I would not say this is the best time to buy now because no one should catch the falling knives. However, I would like to shed light on the valuation of QES.

The problem of chip shortage is forecasted to persist for at least 5 years. In other words, the earning visibility of the industry will remain clear for the next five years. It's almost certain that QES will manage to make more money in the next five years.

Considering that QES has been expanding its manufacturing division which yields a higher gross profit margin of 40%, and assuming that QES manages to earn 0.85 sen for the next four quarters consecutively in FY 2022, we will have a total EPS of 3.4 sen in FY 2022. If the market values the stock at a lower PE ratio of 25 because of Fed tapering, the price should be around RM 0.85.

The industry prospect and the company's fundamentals are still intact, in fact they are getting better and better.

I'm not saying that you should buy it now. However, the downtrend is real and it's unwise to catch the falling knives. But for those who are holding it now, think carefully before you cut loss. Don't sell because of panic.
14/01/2022 4:00 PM
Armanhashim queue buy at 9 cents now …
16/01/2022 8:03 AM
LubeTrader You'd know it when you can't take someone too seriously.
16/01/2022 8:20 PM