KLSE (MYR): PENTA (7160)
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Steven Low
134 posts
Posted by Steven Low > 2017-06-07 23:15 | Report Abuse
Pentamaster executive chairman C.B. Chuah told StarBiz that “the automotive semiconductor market is expected to reach US$48.78bil by 2022, at a compounded annual growth rate (CAGR) of 5.8% between 2016 and 2022.
“This is due to the increasing use of electronic systems in vehicles to enhance the performance of safety and multimedia functions.”
For the second half of the year, Chuah expects orders from the automotive industry to rise higher between 30% and 35% of the group’s test equipment sales compared with 20% and 30% in the same period last year.
The segment with the most sales in the first half of 2017 is the smart mobile device sector, which takes up about 80% of the orders for Pentamaster’s test equipment.
“We expect growth in the third and fourth quarters of 2017, as we can see orders for the second half coming in right now.