KUALA LUMPUR (Sep 17) -- Malaysia's automated systems manufacturer MMS Ventures expects revenue to rise about 36% annually to 60 million ringgit ($14.43 million) in 2022 driven by new products and robust demand for smart devices, its chief executive said.
For this year, revenue will touch 44 million ringgit with the second-half’s performance beating that of the first six months by half, Sia Teik Keat said in an investor briefing.
Financial performance may hit a record high in 2023 with gross margins targeted between 25% and 28%, he said.
"Seasonally, third quarter is the strongest quarter, while first quarter is the weakest," Sia said. A 20% annual revenue growth “is not difficult as long as the demand is strong,” Sia said, noting that performance will largely depend on demand for smart devices and automotive products.
"We have received a small purchase order for a new product to be launched in the fourth quarter, but major contribution will be from the next year", he added.
In view of the stronger demand, MMS Ventures is looking to expand production space by 30%-to-40% as more than 80% of the current space is utilized, Sia said. The expansion will likely start in the fourth quarter, while capital expenditure will be finalized later, he added.
The company is also considering to provide maintenance services to existing clients, which could potentially generate additional 10% revenue, he said.
Next QR, their EARN should shoot UP. Contribute from the other source income. Believed, other source income might triple times higher than main source income.
now Genetec, Rm 46. Mr S re-enter a lot range Rm 35 - Rm 36. I cannot imagine the coming QR. The coming QR might lead MMSV to Rm 3. fasten your seat belt. Take Off now.
Director is accumulating & mgmt said the entire year's sales is very encouraging, next year prospect is bright as well. But price broke out & come down few times. I'm very happy with MMSV can come close to 1.60.
MMSV for sure is TP Rm 2. cause besides building equipment, handler. They have another strong misc Income to support each Q. TP Rm 2 is not a big issue before year-end 2021. Imagine, buy Rm 35 million Genetec at Rm 35, and now Rm 47 Genetec. How much, the earning.
Mr Sia the MMSV Chief is so confident of Business Prospects-
2021 FY, revenue will touch 44 million ringgit with the second-half’s performance beating that of the first six months by half, Sia Teik Keat said in an investor briefing.
Financial performance may hit a record high in 2023 with gross margins targeted between 25% and 28%, he said.
"Seasonally, third quarter is the strongest quarter, while first quarter is the weakest," Sia said. A 20% annual revenue growth “is not difficult as long as the demand is strong,” Sia said, noting that performance will largely depend on demand for smart devices and automotive products.
According to MMS Ventures Bhd (MMSV) co-founder and CEO Sia Teik Keat, most ATE companies have good potential for growth. But he believes those that have grown to a certain size will find it tough to sustain high growth rates.
“As for those who are relatively smaller, their growth potential is higher. I would like to think that MMSV still has good upside potential. Our difficulty is sales and marketing. We have a lot of products, but we have not been able to sell enough. We need to venture into new markets and to secure new clients.
“In a nutshell, I think ATE has bright prospects, and I believe the ATE companies should be able to grow faster than the OSAT players,” Sia concludes.
A check on Bloomberg shows that both ATE and OSAT players still have fairly attractive upside potential. If the research analysts are not wrong, OSATs such as Inari, MPI, Unisem and Globetronics could go up as much as 10% to 25% in the next 12 months.
As for ATE, the likes of Greatech, Aemulus, MI Technovation, and Elsoft have potential upside of 20% to 50%, whereas ViTrox and Pentamaster’s is lower at 8% to 13%.
In view of the stronger demand, MMS Ventures is looking to expand production space by 30%-to-40% as more than 80% of the current space is utilized, Sia said. The expansion will likely start in the fourth quarter, while capital expenditure will be finalized later.
Peer Aemulus is doing good this Q,Mmsv should be good also,Q earning another 2 weeks.Market cap of Aemulus 716mil,Mmsv should value around 350mil/$1.65.Hopes could catch up before Q out.
MMS Ventures expects revenue to rise about 36% annually to 60 million ringgit ($14.43 million) in 2022 driven by new products and robust demand for smart devices, its chief executive said.
For this year, revenue will touch 44 million ringgit with the second-half’s performance beating that of the first six months by half, Sia Teik Keat said in an investor briefing.
Financial performance may hit a record high in 2023 with gross margins targeted between 25% and 28%, he said.
Current year prospects 2021 -------------------------------------- Riding on the surge in global demand for semi conductor test equipment,MMSV is optimiticsof doubling its orders for the current financial year 2021.That being so the Group will be able to achieve double digit percentage growth for this financial year.
The Group's orders todate are about 70% of this year's sales target and the management expect to receive more orders for the rest of the year.We expect our performance for the rest of the year 2021 to be good and it will greatly surpass that of the previous year
The Group has delivered more than 20 semiconductor test equipment to multi-national corporation(MNC) customers in the country and to the United States,which is more than what the group shipped out in 2020
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
limontea
1,171 posts
Posted by limontea > 2021-09-15 11:27 | Report Abuse
heavy big block at 1.150