I particularly like the management's video during the AGM, which gave us a sense of confidence and more understanding of how they are working inside the factory..and seeing so many robotic arms working, marvellous! I would like to say, good job!
The major source of revenue and profit of the Group is from its manufacturing segment (99%). For EMS activities (81%), orders are expected to increase in the long run from existing customers and potential new customers through its fully built-up vertical integrated manufacturing facilities which will be further improved in operation for the coming years. As demand for mobile energy devices is expected to be in big demand in the future, the management has invested in Artificial Intelligence (AI) and a new Research and Development (R&D) division at the beginning of FY2021 to enhance manufacturing capabilities and competitive edge as the preferred EMS player. The management expects to be smoothen in coming quarters. However, any drastic fluctuation of Ringgit Malaysia against USD and global development of COVID-19 will be the main factor affecting its performance in the near future. Revenue derived from the manufacturing activity of raw wire & cable (16%) will continue to grow, with consistent profit margin in near future. There is an increasing trend of the copper price since the end of FY2020. However, this division is able to maintain its profit margin as the selling price quoted to customers is pegged to the copper price determined according to the market. Even though this division is also seriously affected by global spread of COVID-19 and MCO, this segment is expected to maintain its profit margin as usual and secure more orders from its customers. The revenue from cable assembly & wire harness (2%) activities in Thailand is expected to remain flat in coming years due to low order expected from its major customer affected by technology change. However, with its set-up small-scale facilities for plastic parts and PCB assembly, the management believes this division still have high potential to explore wider new business in Thailand market. The trading segment (1%) will continue to promote respective parent companies products for the customers in the ASEAN market. However, the management does not expect significant growth from this segment in the near future due to the lack of attractive electronics products from the parent companies.
Taiwan's Foxconn, the world's largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a better-than-expected second quarter profit on Thursday.
The Taiwanese firm reported April-June net profit of T$29.779 billion ($1.07 billion), up 30% from a year earlier, the company said in a statement.
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....
Posted by kl_guy > 2021-05-21 16:00 | Report Abuse
anyone pick up PIE at 2.40 ? Look like nice price to pick up.