Hold tight, accumulating more

Company background

Formosa Prosonic Industries Berhad (FPI) is one of the leading manufacturers of sound system in Malaysia with proven engineering expertise in designing, manufacturing and marketing of sound system products to worldwide multinational companies. Established in 1989, with over 30 years of experience in the audio equipment industry, the company has evolved from the manufacturing of conventional speaker systems to smart audio systems and musical instrument components including the design and development of wireless and blue tooth speakers with cutting edge functionality and seamless connectivity. FPI provides and assembles a variety of audio component and speakers for renowned Japanese and American brands like Sony, Panasonic, Sharp, Bose and etc.



Investment thesis

Synergistic partnership with global leader

Wistron Corporation is one of the biggest global suppliers for information and communication products based in Taiwan. It was the manufacturing arm of Acer Inc. before being spun off in 2000. Wistron, focuses on Information Communications Technology (ICT) products, Liquid-crystal-display TVs, handheld devices and equipment for medical applications in Taiwan, holds a controlling stake of 28% in FPI.

As a result of trade war in 2018, Wistron has approved a capital injection of USD45m into Wistron Technology (Malaysia) Sdn. Bhd. with a maximum capex of USD77m to accelerate business expansion. While iPhone production assembly will not be transferred here, Wistron has dedicated the Malaysian operation to focus on Internet of Things (IoT) devises. Wistron had set its total production capacity outside China to be 50% by end-2021.

Additionally, FPI has a 20-acre vacant land beside Wistron’s 22-acre built factory in Port Klang. This may bode well in easing business transfer should Wistron’s existing customers look for ways to diversify away from China due to deeper decoupling of US-China when conflict escalates further. Aside from trade war, the latest scandal of Super Micro super spy-chip further place China’s reliability in doubt. According to Bloomberg, Chinese spies have infiltrated the supply chain for servers used by nearly 30 US companies, including government contractors, Apple, and Amazon. Electronics produced in China may be viewed as unsafe, this gives multinational companies more of a reason to reroute their production away from China. FPI which has the ability to provide audio components for electronic gadgets like laptop, speaker, and central processing unit (CPU) is a potential beneficiary should opportunity arise.



Bullish speaker market outlook

The growing trend of internet of things (IoT) is encouraging consumers to buy connected household entertainment systems such as smart (voice activation with artificial intelligence (AI), portable and wireless speakers. Speakers are riding along with the growing penetration of technologies including in-house entertainment systems and are expected to propel home and commercial audio equipment markets growths.

According to Technavio, global speaker market will post a 4-year CAGR growth of 17% from 2018-2022 to reach 27 billion USD, the key factor driving the growth of the market is the rise in popularity of wireless streaming of audio device. The behavioural shift in how people listen to music inside and outside their homes will boost demand for portable speakers and sound bar.

This trend can be observed in the latest report by Strategy Analytics which highlighted that global smart speaker sales hit a new record last year despite the pandemic. FY20 sales crossed 150 million units, while 4Q20 shipment grew 4.3% to 58.2 million units. The research firm, Canalys expect the global speaker market will return to greater growth, with numbers hitting 163 million units in 2021, marking a 21% growth overall.

Based on the data published by Statista Research Department on Jan 22, 2021, the global smart speaker market was valued at 15.6 billion USD in 2020 and could reach 19.6 billion USD in 2021 (25.6% YoY growth). By 2025, projections suggest that this annual figure could more than doubled to 35.5 billion USD.



Travel curtailment has boosted consumer electronics spending

Covid-19 has caused an unprecedented crisis for the tourism industry. With the travel curtailments imposed, individuals may divert their disposable income from tourism spending to consumer electronics. Moreover, with working from home becoming new norm, demand for consumer electronics is surging on the back of the inclination to make home environment more comfortable and well equipped by buying/upgrading electronic appliances for lifestyle (speakers, sound bar, etc) and work (PC, laptop, tablet).



Demand upcycles leading to robust expansion

The new plant in FY19 has enabled the group to ramp up production capacity by 20%. FPI has already secured a contract with one of their existing customers for manufacturing a new series of smart portable audio, which was projecte

telusdansuci@ Memang BOLEH & TETAP BOLEH. hold tight

will up over RM1.00

https://klse.i3investor.com/blogs/FPIattractivevaluation/2021-03-06-story-h1542059868-Recent_steep_correction_of_FPI_may_offer_attractive_entry_ahead_of_bull.jsp

Apex Healthcare Bhd
Target price: RM3.33 BUY


AMINVESTMENT BANK RESEARCH (MAY 24): The drag from associated company Straits Apex Sdn Bhd (SA) is expected to ease in the coming quarters. Major customer Smith and Nephew Sales Sdn Bhd, which contributes to about 62% of SA sales, performed the bulk of 1QFY21’s transactions in 4QFY20. Pandemic uncertainty has also led it to delay the bulk of its remaining orders to 2HFY21. Currently, order levels are similar to last year’s.

However, poor utilisation rates at SPP NOVO are expected to keep manufacturing segment margins depressed; therefore, the group is deferring expansion plans until pharmaceutical demand returns.

Meanwhile, rising freight and raw material costs are likely to compress margins in the coming quarters. While ASPs for group brand products remain unchanged, they may rise in the coming quarters. External products have already seen a 6% increase in ASP.

With the Ministry of Health’s (MoH) expenses tied up by the pandemic’s resurgence, the group believes government tenders are hard to come by at the moment. We expect this to normalise in FY22F, as the bulk of the MoH’s mass vaccinations will have already been completed by then. Going forward, we remain positive on Apex’s future prospects as a recovery play.

Cheryl Poo

The Edge Malaysia

June 07, 2021 14:51 pm +08


Leong Hup International Bhd
Fair value: RM1.02 BUY


AMINVESTMENT BANK RESEARCH (MAY 24): The group believes that the imbalances of broiler and day-old chick’s (DOC) demand and supply dynamics have been corrected. We remain confident that poultry ASP (average selling price) will continue to hold despite Movement Control Order 3.0.

Second, the group is confident that ASP of eggs will recover from March’s Salmonella scare in the next couple of months.

Third, Indonesian prices have been seeing a stable recovery since the culling exercises took place in 3QFY20, while upcoming and newly completed livestock and feed mill expansions in both Vietnam and the Philippines are envisaged to drive revenue and profitability margins. Meanwhile, the group’s confectionary chain The Baker’s Cottage continues to register stable growth, with 132 outlets in operation and a further 450 by 2023F, anticipated to contribute about 8% to Malaysian revenue in FY21F.

We are positive on the group’s revision to product mix, although the group may feel a pinch in July as a result of rising raw material costs. A silver lining is that corn and soybean supply is expected to improve in 2HFY21, which may provide a reprieve in the form of lower feed meal costs in 2HFY21.

Factors such as growing demand for aluminum alloys, silicon wafers, solar panels, and silicone products from various end-use industries such as automotive and electronics are major factors boosting the silicon metal market growth.

This time Betul2 Buy the Rumor, buy the News

Hold tight for long term.

May all our dreams come true

Cheers

Hold tight

drnara 78@ don’t think so ...sell on news... hold tight. Will come over few RM

Heard signing an agreement & don’t know what agreement.

Buy

Accumulating more and more, hold tight

Only Scomnet produce the Medical Devices cable in Malaysia

Anyway hold tight

LHI = QL

1 cent interim + 1 cent Special Dividend

Over 3

Top up more

Date: 01/06/2021

Source : MACQUARIE GROUP
Macquarie Equities Research (MQ Research) maintained an Outperform rating on My E.G. Services (MYEG) following its strong 1Q21 revenue and profit, mainly contributed by the health screening tests and motorcycle road tax renewals. MQ research believes these will continue to record higher volumes with the rising Covid-19 cases and the reintroduction of total lockdown which takes effect today. MQ Research’s target price for MYEG is RM2.42, 25.4% higher than yesterday’s closing price of RM1.93.

Good results driven by testing volume and road tax renewals
MQ Research reiterates an Outperform recommendation on MYEG following 1Q21 results. 1Q21 profit came in at RM76mn, 26%/23% of MQ Research/street’s expectations. 1Q21 revenue/profit grew strongly at 41%/30% YoY due to an increase in Covid-19 health screening tests and higher-than-expected motorcycle road tax renewals, mitigating the decline from lower immigration services, i.e. permit renewals and job matching. Its online grocery service, BELI, was an added driver, as MYEG processed ~RM1mn in sales per month in 1Q21. MQ Research sees a 16% 20-24E profit compound annual growth rate (CAGR) providing upside to MYEG’s 19x 22E enterprise value/earnings before interest, taxes, depreciation and amortization (EV/EBITDA).

What MQ Research liked.
In-line with MQ Research’s expectations,
MQ Research expects Covid-19 testing volume to contribute positively to MYEG’s 1Q21 results from the pent-up demand of migrant workers’ testing. MQ Research believes that testing rate momentum is still high in 2Q21 as Malaysia is undergoing intensive testing amidst rising infection cases and a full lockdown reintroduction. The full lockdown should boost online road tax renewals for both motorcycles and cars based on what MQ Research saw last year.

What MQ Research didn’t like.
The pivot towards Covid-related services, which is a lower margin business compared to its e-government services business for road transports or immigration services, is evident from lower profit margins seen this quarter.

What’s interesting.
Recently, MYEG announced more initiatives related to its healthcare segment by signing a Memorandum of Understanding with Breathonix to introduce a rapid breath test system for Covid-19 screening in Malaysia. The same test has been approved in Singapore. While commercial details are scarce, MQ Research believe the estimated launch price for the test is ~RM60. MYEG will need to get the necessary approvals from the Ministry of Health to launch it in Malaysia.
12-month Target Price Methodology
MYEG MK: RM2.42 based on a discounted cash flow (DCF) methodology

MARKETS SERVED
Applied Engineering is a diversified contract manufacturing services company that supports the Semiconductor, Life Science & Medical, Aerospace, Display and Emerging Technology industries. By focusing on these key markets, we are able to increase our total added value to our customers by leveraging similar technologies and manufacturing processes across the markets we serve.

HI-TECH SERVICES
Our range of core competencies include an expertise in the manufacturing and build of complex electro-mechanical assemblies, PDUs, controls and box build, rotary and linear actuators, high precision stages, coils, vacuum components, and optical assemblies. We can provide the total manufacturing solution for our customers, from documentation management, materials procurement, incoming inspection, build, to system level test.

NPI EXPERTS
We have a team of New Product Introduction (NPI) experts in Documentation Control, Supply Chain Management, Manufacturing Engineering, Manufacturing Operations and Program Management ready to help you make the jump from Prototype Build to Volume Production. AE has over 30 years’ experience successfully helping customers bring their products to market.

FYI

Applied Engineering (AE) provides high tech contract manufacturing services to original equipment manufacturers in the Semiconductor, Life Science & Medical, Aerospace, and Display and Emerging Technology Industries. They are a vertically integrated manufacturing services company specializing in high precision electro-mechanical builds from complex sub-assemblies to large fully integrated capital equipment. If required, assembly can take place in a Class 10,000 to a Class 100 clean room environment.

Hold tight

Hold tight

Semiconductor-related companies have generally unveiled impressive year-on-year (y-o-y) results for the first three months of the year.

GEORGE TOWN: Globetronics Technology Bhd expects to see a rebound in its business in the second half of this year following what is expected to be a soft performance in the first six months of 2021, amid speculation that the semiconductor industry could be heading towards inventory correction.

Group chief executive officer Datuk Heng Huck Lee (pic below) told StarBiz that there had been news reports from Taiwan that some electronics device makers were anticipating an inventory adjustment soon.



“Taiwan-based chipmakers have seen some clients slow down their future orders. Some are revisiting their production plans amid weakening demand in some major markets.

“For Globetronics, the order forecast for our sensors and optic products still remains steady. Our customers provide us our forecast guidance regularly and we are cautiously optimistic with the second-half performance, ” he said.

Heng also noted that despite a foreign media report which highlighted the possibility of one of the company’s major sensor customers losing market share in certain sensors for smartphones, Globetronics has not received any official notification that any of its sensor lines will reach the end-of-life stage.

In any case, Heng expects the group’s performance for the first half of the year to be soft.

The group posted a net profit of RM12.5mil in the first quarter ended March 31,2021, a 15.1% increase from RM10.9mil a year ago. Revenue rose only marginally to RM55.4mil from RM53.9mil previously.

“The second quarter will also be soft as the shipment of our sensors is expected to decline slightly. But in the second half, we expect a rebound with improved results, ” he added.

Semiconductor-related companies have generally unveiled impressive year-on-year (y-o-y) results for the first three months of the year.



For instance, Inari Amertron Bhd’s (pic above) net profit for the third quarter ended March 31,2021 more than doubled to RM81.9mil from RM35.1mil a year earlier. Revenue grew by 41.4% to RM342.9mil on higher contribution from its radio frequency business.

Meanwhile, Unisem (M) Bhd posted a net profit of RM45.4mil for its first quarter ended March 31,2021 compared to a net loss of RM2.8mil a year ago. Its top-line for the period increased 46.6% to RM373.9mil from RM255.2mil previously.

Analysts have maintained a positive stance on the semiconductor sector as global supply remained tight.

Notably, Taiwan, the world’s leading producer of cutting-edge semiconductors, has been struggling to meet the boom in demand for chips. The recent surge in Covid cases in Taiwan may further hinder production just as it is dealing with power outages triggered by a drought.

The onset late last year of chip shortages have hobbled industries from autos to computer gaming. For 2021, the World Semiconductor Trade Statistics organisation forecasts global semiconductor sales to grow by 6.6% to hit a record high of US$469.4bil (RM1.9 trillion) thanks to increasing digitalisation globally amid the Covid-19 pandemic.

According to the worldwide Semiconductor Industry Association (SIA), Malaysia is one of the key players in the global semiconductor trade that contributes US$89bil (RM367bil) or 7% of total trade flows.

Malaysia is also the United State’s largest semiconductor trading partner – standing at 24% market share.

As a semiconductor exporter to the US, SIA noted that Malaysia is a leading hub for semiconductor’s assembly, test and packaging as well as a growing destination for semiconductor equipment and toolmakers.

Heng said the group is now developing next generation sensors for upcoming smartphones, wireless earplugs and new electronic devices which are scheduled for mass production in the second half of this year and the first half of 2022.

“The smart sensor business segment generates over 56% of our group’s revenue in 2020, and it continues to remain as a major contributor to our revenue this year, ” he added.

On Globetronics’ other business segments, Heng said its laser module, optics products and quartz timing devices were essential components or products used in specific lighting, automotive lighting and industrial automation.

The group is on track to complete the expansion of its factory cleanroom space by another 30,000 sq ft in Penang by August 2021. At the same time, Globetronics is also finalising a RM10mil to RM15mil capital expenditure to modernise its advanced sensor manufacturing operations with smart automation to comply with Industry Revolution (IR) 4.0 requirements.

“Another RM20mil to RM30mil has been allocated for further IR4.0 implementation over the next two years. We may invest another RM10mil of research and development tools to develop the next generation sensor packaging.

“The International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker had original

Wow

Total production capacity of 72,000 metric tonnes by the end of financial year 2020 using Submerged Arc Furnace with the latest German technology. Mainly supplying to PMETAL, the other customers doing aluminium etc. & good demand/shortages of Silicon metals.

TP > RM 10.00

*******MEMORANDUM OF UNDERSTANDING PMB TECHNOLOGY BERHAD ("PMBT" OR "THE COMPANY") STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING BETWEEN PMBT AND PERBADANAN PEMBANGUNAN EKONOMI SARAWAK

Congrats to all buddies. QES go go go !!!!

Pentamaster factory

WITH solid orders in hand, especially for higher-margin semiconductor and smartphone-related products, Pentamaster Corp Bhd seems to be well-positioned to make a comeback this year.

The cash-rich Penang-based company has already begun its financial year 2021 with a 15% jump in sales in the first quarter (Q1), although it was not spared from the sector-wide margin pressure.

The earnings trajectory in the coming quarters is expected to be boosted by Pentamaster’s robust order book worth over RM230mil.

Pentamaster’s current order book size, according to UOB Kay Hian Malaysia Research, is 18% higher than the normal range last year.

The company has seen stronger order intakes since the beginning of 2021, on the back of improving albeit uneven sentiment for the equipment market, following the roll-out of Covid-19 vaccinations globally.

Not only that, the company also benefits from the ongoing semiconductor industry “supercycle” as market demand exceeds global supply.

Late last month, the Semiconductor Industry Association announced that worldwide sales of semiconductors in Q1 of 2021 rose by almost 18% year-on-year (y-o-y) to US$123.1bil (RM507.85bil).

Pentamaster plantPentamaster plant

UOB Kay Hian Malaysia Research believes that “the light is at the end of the tunnel” for Pentamaster and it expects the group’s earnings in 2021 to grow by 35%.

“The year 2020 was a washout period for the group due the worldwide travel restrictions alongside the movement control order (MCO) disruptions in Malaysia.

“We believe the worst could have been fully captured in 2020, and the group has already gradually resumed cross-border travelling for its project site installation, but on a more constrained basis, ” it said in an earlier note.

In financial year 2020 ended Dec 31 (FY20), Pentamaster suffered its first annual decline in net profit since the company turned profitable seven years ago.

Net profit dropped 14.6% y-o-y to RM70.9mil, against another 14.6% fall in revenue to RM418.8mil.

Sales to the electro-optical segment, or previously known as the telecommunications segment, dragged down the full-year turnover, although sales to other key segments such as semiconductor, automotive, medical devices as well as consumer and industrial products all staged double-digit revenue growth on a y-o-y basis.

It is noteworthy that the electro-optical segment contributed almost 43% to the group’s overall revenue in FY20.

Pentamaster began its FY21 with a 4.2% y-o-y drop in net profit to RM16.07mil in Q1, although revenue surged 15% y-o-y to RM115.2mil.

The higher cost of goods sold, administrative expenses and distribution costs have weighed on the bottomline despite the group’s stronger turnover.

Nevertheless, Pentamaster’s smart sensor test equipment and solutions, particularly those supplied to the electro-optical and semiconductor segments, have led to higher revenue.

Meanwhile, the group said that its proprietary i-ARMS (intelligent Automated Robotic Manufacturing System) solutions have received robust demand as more industries and companies adopt industry automation.

Additionally, Pentamaster’s automated assembly solutions for single-use medical devices also contributed to the higher Q1 revenue.

Sales to the automotive segment contributed less than 10% to the group’s revenue in Q1, given the automotive industry-wide production disruption from the microchip shortage situation.

Nevertheless, Pentamaster believes that sales to the automotive segment will see structural growth in the medium term as the chips shortage is addressed.

Looking ahead, CGS-CIMB Research expects Pentamaster to register stronger sales and profit after tax in Q2, building on the performance seen in Q1.

The stronger performance in Q2 is expected to be driven by Pentamaster’s insulated-gate bipolar transistor (IGBT) and 3D-magnetometer sensor solutions, targeted at the electric vehicle and smartphone markets.

“We keep our earnings forecasts.

“Easing travel restrictions, stronger earnings contribution from the automotive and medical segments and the United States Food and Drug Administration (FDA) approval for new medical consumables are potential re-rating catalysts.

“Meanwhile, delays in the FDA approval for new medical consumables and further deferment in order fulfillment due to a prolonged Covid-19 pandemic and material shortages are key downside risks, ” stated CGS-CIMB Research.

The research house has maintained its “add” view on Pentamaster, with an unchanged target price of RM5.85 per share.

AmInvestment Bank Research, which has a “hold” call on the stock, says it continues to like Pentamaster, but believes that the stock is fairly valued at the current price.

It says that Pentamaster’s positive prospects are driven by the growth in its automated test equipment segment, underpinned by the sustained growth for smart sensors and the upcoming 3D sensing technology wave, tied to the telecommunications and automot

https://www.klsescreener.com/v2/news/view/828273

High-purity ******silicon metal ***** is used by many industries.
In the chemical industry it is used for producing silicon compounds as well as silicon wafers used in photovoltaic solar cells and electronic semiconductors. ...

When used with aluminum, silicon improves its castability, hardness and strength.

Mr.Sm Invest123 【11/05/2021 今日大马股市】
MYEG (0138) 可能参与疫苗护照系统，各国政府必须准备相互承认Covid-19疫苗接种证书，以促进感染率低的国家之间的无检疫旅行。虽然目前免疫护照”充满了挑战，由于需要相互承认来自不同国家的监管批准，也需要与其他国家整合，以实现疫苗和测试记录的相互认可和核实。

马来西亚科学、工艺及革新部 MOSTI以及 大马微电子系统机构（MIMOS）在卫生部的协助下，已于3月初开始疫苗溯源系统项目，

此时MYEG已经获得大马微电子系统研究公司（MIMOS）颁发价值40万令吉的疫苗溯源系统提供合约。
也预示着MYEG将在此疫苗护照计划中发挥作用。


自去年3月Covid-19大流行以来，MyEG已将其电子政务服务组合多样化，包括马来西亚卫生部联合MYEG集团专门建立了在线支付平台MySafeTravel的数字通行证系统下与Covid-19相关的服务，例如健康检查以及入境旅客的检疫服务。

包过为本地机场冠病检测服务供应进行招标等等,与BP Healthcare合作，在大马推出居家深喉唾液冠病检测服务，或者为低风险患者提供线上隔离酒店平台SafeQ等等.

集团也表示至少至明年2022期间，在医疗保健相关领域的多元化将继续推动集团的增长。

展望未来，MYEG也将与位于中国的疫苗合作伙伴安徽智飞龙科马生物制药有限公司开发并生产各种药物，包过引进狂犬病疫苗rabies vaccine在菲律宾.

虽然提供Covid-19相关服务已为该集团带来了新的收入来源,

随着数字货币变得越来越流行，集团也想打算成为加密货币领域的先驱，认为加密货币市场有巨大的潜力，计划在未来几个月内通过发行具有不同效用的各种类型的加密货币当然也准守当地政府法规，也会扩展到其他国家.

MYEG对今年的持续增长前景感到乐观，特别是在印度尼西亚，孟加拉国以及在菲律宾合作联营的I-Pay MYEG推出的一款上门冠病测试的服务，在大马方面也可能参与疫苗护照系统。

【11/05/2021 今日大马股市】
MYEG (0138) 可能参与疫苗护照系统，各国政府必须准备相互承认Covid-19疫苗接种证书，以促进感染率低的国家之间的无检疫旅行。虽然目前免疫护照”充满了挑战，由于需要相互承认来自不同国家的监管批准，也需要与其他国家整合，以实现疫苗和测试记录的相互认可和核实。

马来西亚科学、工艺及革新部 MOSTI以及 大马微电子系统机构（MIMOS）在卫生部的协助下，已于3月初开始疫苗溯源系统项目，

此时MYEG已经获得大马微电子系统研究公司（MIMOS）颁发价值40万令吉的疫苗溯源系统提供合约。
也预示着MYEG将在此疫苗护照计划中发挥作用。


自去年3月Covid-19大流行以来，MyEG已将其电子政务服务组合多样化，包括马来西亚卫生部联合MYEG集团专门建立了在线支付平台MySafeTravel的数字通行证系统下与Covid-19相关的服务，例如健康检查以及入境旅客的检疫服务。

包过为本地机场冠病检测服务供应进行招标等等,与BP Healthcare合作，在大马推出居家深喉唾液冠病检测服务，或者为低风险患者提供线上隔离酒店平台SafeQ等等.

集团也表示至少至明年2022期间，在医疗保健相关领域的多元化将继续推动集团的增长。

展望未来，MYEG也将与位于中国的疫苗合作伙伴安徽智飞龙科马生物制药有限公司开发并生产各种药物，包过引进狂犬病疫苗rabies vaccine在菲律宾.

虽然提供Covid-19相关服务已为该集团带来了新的收入来源,

随着数字货币变得越来越流行，集团也想打算成为加密货币领域的先驱，认为加密货币市场有巨大的潜力，计划在未来几个月内通过发行具有不同效用的各种类型的加密货币当然也准守当地政府法规，也会扩展到其他国家.

MYEG对今年的持续增长前景感到乐观，特别是在印度尼西亚，孟加拉国以及在菲律宾合作联营的I-Pay MYEG推出的一款上门冠病测试的服务，在大马方面也可能参与疫苗护照系统。

【11/05/2021 今日大马股市】
MYEG (0138) 可能参与疫苗护照系统，各国政府必须准备相互承认Covid-19疫苗接种证书，以促进感染率低的国家之间的无检疫旅行。虽然目前免疫护照”充满了挑战，由于需要相互承认来自不同国家的监管批准，也需要与其他国家整合，以实现疫苗和测试记录的相互认可和核实。

马来西亚科学、工艺及革新部 MOSTI以及 大马微电子系统机构（MIMOS）在卫生部的协助下，已于3月初开始疫苗溯源系统项目，

此时MYEG已经获得大马微电子系统研究公司（MIMOS）颁发价值40万令吉的疫苗溯源系统提供合约。
也预示着MYEG将在此疫苗护照计划中发挥作用。

当然其他参与者也可能有马来西亚护照供应商DSONIC (5216)以及获颁国家综合移民系统的IRIS (0010) ,

自去年3月Covid-19大流行以来，MyEG已将其电子政务服务组合多样化，包括马来西亚卫生部联合MYEG集团专门建立了在线支付平台MySafeTravel的数字通行证系统下与Covid-19相关的服务，例如健康检查以及入境旅客的检疫服务。

包过为本地机场冠病检测服务供应进行招标等等,与BP Healthcare合作，在大马推出居家深喉唾液冠病检测服务，或者为低风险患者提供线上隔离酒店平台SafeQ等等.

集团也表示至少至明年2022期间，在医疗保健相关领域的多元化将继续推动集团的增长。

展望未来，MYEG也将与位于中国的疫苗合作伙伴安徽智飞龙科马生物制药有限公司开发并生产各种药物，包过引进狂犬病疫苗rabies vaccine在菲律宾.

虽然提供Covid-19相关服务已为该集团带来了新的收入来源,

随着数字货币变得越来越流行，集团也想打算成为加密货币领域的先驱，认为加密货币市场有巨大的潜力，计划在未来几个月内通过发行具有不同效用的各种类型的加密货币当然也准守当地政府法规，也会扩展到其他国家.

MYEG对今年的持续增长前景感到乐观，特别是在印度尼西亚，孟加拉国以及在菲律宾合作联营的I-Pay MYEG推出的一款上门冠病测试的服务，在大马方面也可能参与疫苗护照系统。

Bonus issue will be completed by End Of June 2021.

not only good demand from automotive industry & but very good demandv in Medical Devices Business - FDA international approved.

"Westeros@ You are Right !!!!!

SEE_Research@ all these need "" Silicon Metals""

QES Manufacturing, a subsidiary of QES Group (QES, 0196, GEM), and Applied Engineering signed a memorandum of understanding (MOU) to discuss the establishment of a joint venture company in Penang to provide high-tech motors (Electromechanical) contract production services for products.

The validity period of the above MOU is 6 months. The application engineering company will provide the required production technology and technology, and QES Manufacturing will expand the semiconductor, medical equipment and large-scale storage markets for related associates through its ASEAN and China business network.

Applied Engineering Company is a company that provides electromechanical contract manufacturing services from prototype to mass production for the peninsula, life sciences, national defense, aerospace and emerging technology fields.

QES集团（QES，0196，创业板）旗下的QES制造和美国应用工程公司（Applied Engineering）签署谅解备忘录（MOU），探讨在槟城设立一家联营公司，以提供高科技电机（electromechanical）产品方面的合约制生产服务。

上述MOU的有效期为6个月。应用工程公司将提供所需的生产技术和科技，而QES制造将通过其东盟及中国的商业网络，为相关联营公司拓展半导体、医疗设备与大规模储存方面的市场。

应用工程公司是一家为半岛体、生命科学、国防、宇航及新兴科技领域提供从原型到量产过程的机电合约制造服务的公司。

For me Penta is fundamental & invest for long terms.
I Buy more these few days.

Globetronics Technology - Seasonal weakness in 1Q as expected
Author: AmInvest | Publish date: Wed, 28 Apr 2021, 8:58 AM

Investment Highlights
We maintain our BUY recommendation on Globetronics Technology (GTB) with unchanged forecasts and fair value of RM2.84/share, pegged to an FY22F PE of 24x. There is no price adjustment for ESG based on our 3-star rating (Exhibit 4).
GTB’s 1QFY21 results were within expectations, recording a core profit of RM11mil after excluding an RM2mil exceptional gain from unrealised forex. Although the results accounted for 16% and 17% of our and consensus full-year estimates, we consider the results to be in line due to the seasonality of its sensor product volumes, which are usually stronger in 2H.
YoY: 1QFY21 core profit rose 16% due to: (i) a 3% increase in revenue on higher volume loadings, particularly for its sensor products; (ii) better economies of scale leading to GP margins to improve by 2.9 ppts YoY to 36.2%; and (iii) lower effective tax rate.
QoQ: 1QFY21 core profit and revenue declined by 31% and 12% respectively due to lower volume loadings of its sensor products due to the shorter month and shutdown relating to Chinese New Year festivities in February–March 2021 which caused a decline in economies of scale.
Outlook: The group is cautious on the impact of the Covid-19 pandemic on operations due to the potential disruption in production capacity arising from changes in the implementation of the movement control order (MCO) as the number of Covid- 19 cases rises in Malaysia.
In its Bursa announcement, GTB reassured that recent news on competition in its customer’s segment has not been confirmed by the customer. However, based on the customer’s recent forecast, GTB is expecting to see volatile and fluctuating loadings for certain products in quarters ahead.
We make no changes to our forecasts as seasonality in GTB’s key sensor segment has been accounted for in our earnings assumptions. Furthermore, qualification programmes are ongoing while mass production of the next generation of light and gesture sensors is targeted in June 2021 and July 2021 respectively. We await further clarity on the customer’s forecasts in an upcoming conference call.

We believe that GTB is undervalued at the current share price and that investors should take advantage of this correction to accumulate the stock.
The group’s positive prospects arise form: (i) its strength in smart sensors (~60% of total group revenue) with new generation sensor demand expected to drive growth ahead; (ii) ramp-up in laser automotive headlamps to boost its LED/SSL segment; and (iii) potential opportunities from the US-China trade war that could lead to customer diversification and revenue enhancement.
Source: AmInvest Research - 28 Apr 2021

accumulated more today

Globetronics Technology - Seasonal weakness in 1Q as expected
Author: AmInvest | Publish date: Wed, 28 Apr 2021, 8:58 AM

Investment Highlights
We maintain our BUY recommendation on Globetronics Technology (GTB) with unchanged forecasts and fair value of RM2.84/share, pegged to an FY22F PE of 24x. There is no price adjustment for ESG based on our 3-star rating (Exhibit 4).
GTB’s 1QFY21 results were within expectations, recording a core profit of RM11mil after excluding an RM2mil exceptional gain from unrealised forex. Although the results accounted for 16% and 17% of our and consensus full-year estimates, we consider the results to be in line due to the seasonality of its sensor product volumes, which are usually stronger in 2H.
YoY: 1QFY21 core profit rose 16% due to: (i) a 3% increase in revenue on higher volume loadings, particularly for its sensor products; (ii) better economies of scale leading to GP margins to improve by 2.9 ppts YoY to 36.2%; and (iii) lower effective tax rate.
QoQ: 1QFY21 core profit and revenue declined by 31% and 12% respectively due to lower volume loadings of its sensor products due to the shorter month and shutdown relating to Chinese New Year festivities in February–March 2021 which caused a decline in economies of scale.
Outlook: The group is cautious on the impact of the Covid-19 pandemic on operations due to the potential disruption in production capacity arising from changes in the implementation of the movement control order (MCO) as the number of Covid- 19 cases rises in Malaysia.
In its Bursa announcement, GTB reassured that recent news on competition in its customer’s segment has not been confirmed by the customer. However, based on the customer’s recent forecast, GTB is expecting to see volatile and fluctuating loadings for certain products in quarters ahead.
We make no changes to our forecasts as seasonality in GTB’s key sensor segment has been accounted for in our earnings assumptions. Furthermore, qualification programmes are ongoing while mass production of the next generation of light and gesture sensors is targeted in June 2021 and July 2021 respectively. We await further clarity on the customer’s forecasts in an upcoming conference call.

We believe that GTB is undervalued at the current share price and that investors should take advantage of this correction to accumulate the stock.
The group’s positive prospects arise form: (i) its strength in smart sensors (~60% of total group revenue) with new generation sensor demand expected to drive growth ahead; (ii) ramp-up in laser automotive headlamps to boost its LED/SSL segment; and (iii) potential opportunities from the US-China trade war that could lead to customer diversification and revenue enhancement.
Source: AmInvest Research - 28 Apr 2021

Jameslee Wah @ QR announce today ?

Sold GG