Stay n hold tight

B3. Prospects and outlook
The Malaysian economy is expected to face continued uncertainties and challenges throughout FY 2021 especially into the first half of 2021, arising from the Covid-19 pandemic. However, the Group is cautiously optimistic that it will fare much better in FY 2021 as compared to FY 2020 as it anticipates that the various business segments which the Group partakes in will gradually recover in tandem with better sentiment, governmental interventions and confidence in the recovery post Covid-19 pandemic.
The Group expects the semiconductor market segment to show record growth ahead due to the encouraging positive signals with the uptake of 5G, Internet of Things (IoT), electric vehicle and Cloud/Edge Computing. The Group is hopeful to capture the demand upswing which could likely be a sharp rebound post-pandemic.

Gg

Container foods Resin price up over 30% and mask over supply until many producers stop productions and carry high inventories

GG

Gloves over supply soon

Next TP 6

期待

Should be

Hold n accumulating more

Accumulating more now

Accumulating more

This coming qr very good

Penta order plastic part from luster

We hope RM1 first n then monitoring yearly performance

Very fundamental & mainly medical device for ICUs.

Tp over 1.50 should be no problem

https://themalaysianreserve.com/2021/02/10/myeg-launches-beli-cares-initiative/

https://themalaysianreserve.com/2021/02/10/myeg-launches-beli-cares-initiative/

Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth
Tan Siew Mung
/
theedgemarkets.com

February 09, 2021 12:31 pm +08


Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth
-A+A
KUALA LUMPUR (Feb 9): Affin Hwang Capital Research expects My EG Services Bhd's (MyEG) valuation to rerate within the next 12 months, led by strong earnings growth, easing concerns over termination of its concessions, exciting new business prospects and high market liquidity.

Its analyst Isaac Chow initiated a "buy" call on MyEG with a target price of RM2.70, as he likes MyEG for its proactive management, good working relation with government agencies, strong 2021 earnings outlook and exciting new business opportunities.

As MyEG launched a vast array of new products and services in 2020, he also expects some services such as Covid-19 screening, MySafeTravel, online grocery, renewal of motorcycle road tax to contribute materially to the group's 2021 revenue.

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"Importantly, we are positive on MyEG's earnings outlook, expecting 18% year-on-year growth in 2021 core net profit driven by full-year contribution from the new services launched in 2020 and higher adoption of online services for its road transport segment due to the behavioural changes brought forth by the Covid-19 pandemic," he said in a report today.

Looking into 2022, he anticipates a rebound in the group's immigration-related services after the easing of lockdowns should more than offset waning Covid-19 testing revenue.

Chow expects MyEG's valuation to rerate strongly, driven by a strong pickup in quarterly core net profit.

"Its extension of road transport and immigration concessions in 2020 reaffirmed our view that MyEG offers good services and has healthy working relations with government agencies," he said, adding that MyEG is also working on exciting new projects including Zhifei's Covid-19 vaccine and digital banking services.

"Elsewhere, the potential reimplementation of the GST may fuel investor interest in MyEG, given the group's extensive experience in the GST monitoring-related project," he said.

At 12.05pm, MyEG rose eight sen or 4% to RM2.08, valuing the group at RM7.38 billion.

Joyce Goh

Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth
Tan Siew Mung
/
theedgemarkets.com

February 09, 2021 12:31 pm +08


Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth
-A+A
KUALA LUMPUR (Feb 9): Affin Hwang Capital Research expects My EG Services Bhd's (MyEG) valuation to rerate within the next 12 months, led by strong earnings growth, easing concerns over termination of its concessions, exciting new business prospects and high market liquidity.

Its analyst Isaac Chow initiated a "buy" call on MyEG with a target price of RM2.70, as he likes MyEG for its proactive management, good working relation with government agencies, strong 2021 earnings outlook and exciting new business opportunities.

As MyEG launched a vast array of new products and services in 2020, he also expects some services such as Covid-19 screening, MySafeTravel, online grocery, renewal of motorcycle road tax to contribute materially to the group's 2021 revenue.

Advertisement

"Importantly, we are positive on MyEG's earnings outlook, expecting 18% year-on-year growth in 2021 core net profit driven by full-year contribution from the new services launched in 2020 and higher adoption of online services for its road transport segment due to the behavioural changes brought forth by the Covid-19 pandemic," he said in a report today.

Looking into 2022, he anticipates a rebound in the group's immigration-related services after the easing of lockdowns should more than offset waning Covid-19 testing revenue.

Chow expects MyEG's valuation to rerate strongly, driven by a strong pickup in quarterly core net profit.

"Its extension of road transport and immigration concessions in 2020 reaffirmed our view that MyEG offers good services and has healthy working relations with government agencies," he said, adding that MyEG is also working on exciting new projects including Zhifei's Covid-19 vaccine and digital banking services.

"Elsewhere, the potential reimplementation of the GST may fuel investor interest in MyEG, given the group's extensive experience in the GST monitoring-related project," he said.

At 12.05pm, MyEG rose eight sen or 4% to RM2.08, valuing the group at RM7.38 billion.

Joyce Goh

Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth
Tan Siew Mung
/
theedgemarkets.com

February 09, 2021 12:31 pm +08


Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth
-A+A
KUALA LUMPUR (Feb 9): Affin Hwang Capital Research expects My EG Services Bhd's (MyEG) valuation to rerate within the next 12 months, led by strong earnings growth, easing concerns over termination of its concessions, exciting new business prospects and high market liquidity.

Its analyst Isaac Chow initiated a "buy" call on MyEG with a target price of RM2.70, as he likes MyEG for its proactive management, good working relation with government agencies, strong 2021 earnings outlook and exciting new business opportunities.

As MyEG launched a vast array of new products and services in 2020, he also expects some services such as Covid-19 screening, MySafeTravel, online grocery, renewal of motorcycle road tax to contribute materially to the group's 2021 revenue.

Advertisement

"Importantly, we are positive on MyEG's earnings outlook, expecting 18% year-on-year growth in 2021 core net profit driven by full-year contribution from the new services launched in 2020 and higher adoption of online services for its road transport segment due to the behavioural changes brought forth by the Covid-19 pandemic," he said in a report today.

Looking into 2022, he anticipates a rebound in the group's immigration-related services after the easing of lockdowns should more than offset waning Covid-19 testing revenue.

Chow expects MyEG's valuation to rerate strongly, driven by a strong pickup in quarterly core net profit.

"Its extension of road transport and immigration concessions in 2020 reaffirmed our view that MyEG offers good services and has healthy working relations with government agencies," he said, adding that MyEG is also working on exciting new projects including Zhifei's Covid-19 vaccine and digital banking services.

"Elsewhere, the potential reimplementation of the GST may fuel investor interest in MyEG, given the group's extensive experience in the GST monitoring-related project," he said.

At 12.05pm, MyEG rose eight sen or 4% to RM2.08, valuing the group at RM7.38 billion.

Joyce Goh

QES confident of double-digit growth

By DANIEL KHOO
CORPORATE NEWS

08 Feb 2021

“We are plugging in an aggressive target for growth in FY21; and overall growth should be in the double-digits. I won’t put an exact figure now, ” said managing director and president Chew Ne Weng.(pic)

PETALING JAYA: QES Group Bhd is eyeing a double-digit growth in revenue for the financial year ending Dec 31,2021 (FY21), driven by strong and sustained demand.

“We are plugging in an aggressive target for growth in FY21; and overall growth should be in the double-digits. I won’t put an exact figure now, ” said managing director and president Chew Ne Weng.


QES, which is in the semiconductor industry, makes inspection, measuring, automatic handling equipment for the wider industry.

“We have two divisions, which is distribution and manufacturing. The distribution side is generally very stable so we get about 8% to 10% growth, and that is considered very good. Whereas for the manufacturing side, we’ll try to double up, ” Chew told StarBiz.

He said the manufacturing side of the business chalked up very strong growth in the past few years because it grew from a low base.“Looking at FY19, the manufacturing side chalked up about RM8mil of sales but in FY20 it grew by about three times more to RM25mil. I’m targeting that in FY21 this should be at RM35mil to RM40mil (in sales).

Tp Should over 1

I hold

AtomicHabits@ thanks so much

Post removed.Why?

Post removed.Why?

Klee@ topglove = harta+supermax+kossan GG already. These four counter will continue dropping.

Purebull @ You are right

Sapodilla @ material science engineering

FYI.. https://www.mordorintelligence.com/industry-reports/silicon-metal-market

Sapodilla @ milo tin you can get from johortin.

Sapodilla @ please go to study in detail what is “silicone metals” thanks. And it’s application

Accumulated more today

Wait good news is coming

Wait to see good QR

Accumulating

Next TP 0.70

“We are plugging in an aggressive target for growth in FY21; and overall growth should be in the double-digits. I won’t put an exact figure now, ” said managing director and president Chew Ne Weng

QES, which is in the semiconductor industry, makes inspection, measuring, automatic handling equipment for the wider industry.

“We have two divisions, which is distribution and manufacturing. The distribution side is generally very stable so we get about 8% to 10% growth, and that is considered very good. Whereas for the manufacturing side, we’ll try to double up, ” Chew told StarBiz.

He said the manufacturing side of the business chalked up very strong growth in the past few years because it grew from a low base.“Looking at FY19, the manufacturing side chalked up about RM8mil of sales but in FY20 it grew by about three times more to RM25mil. I’m targeting that in FY21 this should be at RM35mil to RM40mil (in sales).

PETALING JAYA: QES Group Bhd is eyeing a double-digit growth in revenue for the financial year ending Dec 31,2021 (FY21), driven by strong and sustained demand.

“We are plugging in an aggressive target for growth in FY21; and overall growth should be in the double-digits. I won’t put an exact figure now, ” said managing director and president Chew Ne Weng.

https://www.thestar.com.my/business/business-news/2021/02/08/qes-confident-of-double-digit-growth

Pls hold tight tight

25 Jan 2020, 11AM: *QES*
Mgmt: Management: Mr. Chew (CEO)

*2021 Outlook:*
- Top line growth target/expect for 2021: Manufacturing will grow faster than distribution. Manufacturing - 25% (expect RM34-35m); Distribution - 8-10; and Overall - 15-20%
- GP margins: Distribution - 25-25%; Manufacturing - target 35%
- YTD orderbook: RM13m Distribution; RM9m Manufacturing
- Utilisation rate: 80% nearing to maximum, starting to outsource a simple frame
- Current book to bill ratio: Both distribution and manufacturing at 1.1x
- Automotive sector to contribute to your revenue in 2021? Every year contributes 20-25%. Hard to expect because semiconductor will grow substantially.
- China - will set up a subsidiary in China through QES (HK) - target to complete incorporation by 3Q2021 - Inspection machine that QES is selling is semi-automatic machines - selling to front-end - target to sell more to China
- Received keys to the new 5-storey dectached factory in Shah Alam and aims to move in by 3Q2021.
- Looking for a factory expansion in Penang
- What is your sales mix between semi-auto and fully automated machines in 2020? What is your expectation for 2021 sales mix for semi-auto and fully automated ? Target to 60-70% Automatic machines for 2021.

2020 vs 2019:
- overall is better; Still operating at 100%, full SOP compliant
- 9M2020 vs 9M2019 PAT increased by 305%; EBITDA margin improved to 10.4% vs 5.6% for the same period
- Malaysia remain the largest revenue contribution (-19% YoY); ASEAN (-8% YoY) but SG is doing very well +35%YoY due a customer that is heavily invested in chips for 5G semiconductor and China grew strongly +>500%YoY
- 2 key business segment - manufacturing and distribution. Notably, the manufacturing division has been growing, accounting 16% of 2020 total revenue vs 4% in 2019.

FY2020 vs FY2019
- Semiconductor 44% vs 40%
- Automotive 25% vs 25%
- E&E 19% vs 25%
- Others

Others:
- QES product segment includes (1) Wafer Fabrication - front-end, (2) Test Assembly IC Packaging (Back End), (3) Mass Storage, (3) General Electronics
- QES’ expertise are in back-end
- 2018 sold many post wire bonding inspection - for automotive - hope with the current shortage of ICs, QES would be able to sell more machines
- Infineon gives QES a yearly contract
- New products: RFID for IR4.0 solution and RDIF Bunny Suit - for tracking in Semiconductor and medical sector - working with one of potential customer in Penang - previous private placement fund is allocated for this project; E-traveler kiosk

This year looking at 13-16M NP, very humble and conservative mgmt. good vibe. Nice story overall.

Buy buy don’t miss the golden chance !

Tainco88 @ you are right ! Buy more now

After share consolidation, Next TP should over 0.5-075 cents by Feb

I hope too fly like rocket by 31 Jan 2021