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14 July 2023

Stock : TTVHB

Target Price & Technical : 

TP1 : RM1.35

TP2 : RM1.65

Watch tomorrow going break 1.21 and fly test break RST 1.26.

Thank you & Good Luck!

Profile : TT Vision Holdings Berhad is an investment holding company. The Company through its subsidiaries is principally involved in the development and manufacturing of machine vision equipment and the provision of related products and services. The Company's machine vision equipment is primarily used for the inspection of optoelectronics, solar cells, and discrete components as well as used in vision-guided robotic equipment. The Company's business activities typically entail equipment design, software development, manufacture, assembly, and installation of equipment and/or modules. The Company's subsidiaries are TT Vision and TT Innovation. The Company's products include Solar Cell FRV-AOI, Solar Cell PL-AOI, Solar Cell TF-AOI, IBC Cell Sorter, and Quad Cell Sorter. The Company exports its products to other foreign countries including South Korea, Hong Kong, Germany, China, the Philippines, Singapore, Thailand, the United States of America, and Japan.

The Keys :

1. One of the key challenges that the Group faces is the increase in cost for various category of expenses which include staff related cost in order to attract and retain talent. However, the Board and management of TTV foresee that the increase in cost is not a significant issue as long as TTV is able to secure more projects.

2. As shortage in talent is one of the challenges faced not only by the Company but also by the E&E industry in Penang. TTV is currently working with a few universities in Penang/Malaysia especially on STEM related courses/qualification .

3. The Board and management of TTV is mindful on this as TTV does not want to rely on any single country/market dependency. TTV has been actively operating in China. Currently TTV is looking to expand into other countries and would want to have more exposure in other new markets as well.

4. The solar segment is reliant on solar client's capex cycle. Based on the contracts that we have secure as announced on Bursa Malaysia, we are seeing that the capex cycle from our solar customers has returned.

5. TTV’s products are sold to customers in various growth industries. For this year, we do see a slow down in the semiconductor business, however, the solar business have been increasing.

6. The integrated products are different elements from the TTV’s products & services. This production line requires a specialized equipment marker and wide spectrum of knowledge and the Board and management of TTV do not foresee venturing into this area in the near future.

7. The Board and management of TTV position the Company/Group as technology partners to its customers. Our team work closely with the customers in research and development for new innovation and new products in order to meet the customers’ requirements. We are well-equipped with the capabilities and technology know-how, coupled with good working relationship with its customers whereby the equipment are built together in every stage as a technology partner.