QES GROUP BERHAD

KLSE (MYR): QES (0196)

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Last Price

0.525

Today's Change

0.00 (0.00%)

Day's Change

0.525 - 0.525

Trading Volume

200


9 people like this.

7,298 comment(s). Last comment by MACD 2 days ago

FreshNoob

245 posts

Posted by FreshNoob > 2023-01-12 14:35 | Report Abuse

80 sen coming

U1818

560 posts

Posted by U1818 > 2023-01-12 16:15 | Report Abuse

Good... very good ;D

Engm100

91 posts

Posted by Engm100 > 2023-01-25 18:42 | Report Abuse

nice momentum

chon99

1,356 posts

Posted by chon99 > 2023-01-25 21:14 | Report Abuse

To my surprise, QES Cumulative Net Profit (CNP) shows a big jump in 2022 over 2021.

CNP at 30-09-2022 RM20.97m
CNP at 31-12-2021 RM18.99m
Difference +RM1.98 m

QES Cumulative Net Profit for "9" months of RM 20.97 million already surpassed that of "12 " months in 2021 by 1.98 million..

In other words, we can expect vast improvement in cumulative net profit in December 2022, the result will be known in February 2023.

Let's hope for much better results for the year ending 31-12-2023 listed in the main board .

Hopefully the investors and fund managers will notice the improvement.


chon99

1,356 posts

Posted by chon99 > 2023-01-26 12:21 | Report Abuse

QES share price of about RM0.73 is undervalued. It should rise to the price that reflects its true and fair value. ( This is my personal opinion. Not as buy or sell call)

Engm100

91 posts

Posted by Engm100 > 2023-01-26 13:46 | Report Abuse

what's the fair value for QES? Jf Apex and Mercury gave 63-65 cents

LubeTrader

225 posts

Posted by LubeTrader > 2023-02-09 15:29 | Report Abuse

55 cents

berfikir

407 posts

Posted by berfikir > 2023-02-24 16:25 | Report Abuse

watch this stock....will fly

harisham74

170 posts

Posted by harisham74 > 2023-02-27 12:37 | Report Abuse

soon

8dragon

1,979 posts

Posted by 8dragon > 2023-03-11 10:31 | Report Abuse

Will drop back to 0.50 cents....

Posted by wilsonchan87 > 2023-03-22 10:44 | Report Abuse

now over EMA 200daily and breakup downtrend line. initial bullish signal. if able over 0.62, will be rocket up.

harisham74

170 posts

Posted by harisham74 > 2023-03-24 15:47 | Report Abuse

Bullish in sight

frank74

393 posts

Posted by frank74 > 2023-04-05 16:26 | Report Abuse

buy ! just buy ! for those looking for a quick buck...then this is not a stock for you !

TCH1186

888 posts

Posted by TCH1186 > 2023-04-06 07:46 | Report Abuse

this stock was profitable last time... now i thinks its time

Posted by Abdulazizba > 2023-04-07 11:25 | Report Abuse

The next bull run (circa 2025) may potentially touch RM 4.. now time to continue to top up while it still lesser than RM 1 ....

Posted by SharehlderOppression > 2023-04-25 11:58 | Report Abuse

3 consecutive years of profit growth.
Could it be the next Frontkn?

Posted by SharehlderOppression > 2023-05-02 11:24 | Report Abuse

Penang promoting more tech investments via Semicon SEA. All exhibition booths already sold out.

ampabella

1,369 posts

Posted by ampabella > 2023-05-10 14:19 | Report Abuse

Q buy at 0.48 cts

lloydlim

3,906 posts

Posted by lloydlim > 2023-08-23 21:33 | Report Abuse

Time to accumulate.

ivanlau

1,313 posts

Posted by ivanlau > 2023-09-10 09:10 | Report Abuse

If based on forward eps 3 x 25 pe , the fair value should be 0.75, now closing 0.58 .

speakup

24,491 posts

Posted by speakup > 2023-09-10 09:50 | Report Abuse

QES do what one? For some sectors, pe 25x is very expensive

SHOB

544 posts

Posted by SHOB > 2023-09-24 07:26 | Report Abuse

if break down 0.57, then only consider collect

garychee8

356 posts

Posted by garychee8 > 2023-09-26 09:45 | Report Abuse

get ready to collect

remus17

102 posts

Posted by remus17 > 2023-09-26 10:22 | Report Abuse

price has been soft for quite sometimes, no catalyst to push the price

SHOB

544 posts

Posted by SHOB > 2023-09-27 14:54 | Report Abuse

lower and lower.monitor

harisham74

170 posts

Posted by harisham74 > 2023-10-17 17:05 | Report Abuse

Good sign

Posted by pLaYeRnever_die > 2023-10-23 16:02 | Report Abuse

collect! collect! collect!

davors

889 posts

Posted by davors > 2023-11-01 20:43 | Report Abuse

technically weak... looks like gonna be lower than 0.440 in 3 - 4 weeks time...

Posted by nelsonlimpy > 2023-11-17 15:41 | Report Abuse

good time to accumulate before the quarter result is out

8dragon

1,979 posts

Posted by 8dragon > 2023-11-24 09:11 | Report Abuse

Qtr record heavy loses, share will drop below 0.40 ....

8dragon

1,979 posts

Posted by 8dragon > 2023-11-27 12:28 | Report Abuse

Stay away from technology stock for now, and at least for the next half year

Posted by kokchengkai > 2 months ago | Report Abuse

QES – 企业探访

经过长时间的安排,终于获得宝贵机会前往QES位于Glenmarie的新设施参观。

个人一直都非常欣赏 CEO Mr. Chew的领导能力,而且在处事待人方面也非常友好和亲切。以QES现有的生意模式,我敢大胆的说,未来10年将屹立不倒。

? 在早期90年代成立时,主要从事自动化设备 (ATE) 的分销活动,简短来说就是代理全球知名品牌的产品,并在东南亚市场分销,直到00年代才进军制造活动。在过去30年期间已经累计接近4,000位客户群,而分销品牌超过50个。

? 虽然分销行业的门槛理论上并不高,但是在打好基础后却是一个非常好的护城河。其一,在东南亚6个国家都设有办公室,有充足的人脉资源和网络来分销产品。当品牌方推出新产品时,他们肯定将优先想起QES。其二,由于分销产品多样化,在客户购买某个产品之后,往往可以顺势推销其他应用的产品。

? 值得一提,所谓的“自动化设备”并非局限在半导体行业而已,当中包括其他行业使用的设备,例如种植、采矿、实验、环境等等。有的设备可以检测出金属块的碳含量,有的可以分析出化学成分,有的则可以自动化某个流程,尤其是在全自动实验室内。

? 目前, 半导体行业的营收占比达46%,其次是汽车22%和电子行业17%。虽然其他行业的贡献比例不高,但是却有助于多元化收入来源,以及减少对于某个行业的过度依赖,尤其是在当下的半导体行业周期。

? 旗下产品分为8个系列,其中包括自动化处理系统 (AHS)、自动光学检测 (AOI)、智能制造解决方案 (SMS)、先进计量系统 (AMS) 等等。为了提高价值和定位,偶尔也根据客户的要求,为他们在一些设备上置入自动化的处理系统。

? 在分销设备之后,将为客户提供售后服务,例如保修和替换零件。当卖出的设备数量越多,每年所带来的可持续性收入将越高。一般上,每台设备的保修费用是售价的5-10%。以现有市面上超过7,000台“活跃”设备计算,每年可以带来介于RM50-60m的收入,占全年营收的20-25%。

? 自动光学检测 (AOI) 是半导体行业一个通用的术语,不过产品可以区分为几个等级。AOI的功能是利用机器视觉的技术来检测LED、PCB等等是否符合标准,当中每台机器的“机器视觉“是区别所在,所采用的光学包括Microscope、Lasers、X-Ray、3D等等。值得一提,以AOI闻名的Vitrox主要采用X-Ray和3D的技术。

? 在20-30年前,半导体行业主要以人手的方式,也就是一个一个去检查瑕疵;之后发展至半自动化,也就是操作员在电脑的视像放大下逐个排查;如今的趋势已经是全自动化,也就是由电脑系统自动排查,不需要人手的干涉。

? 除了光学部分,当下AOI最为关键的技术是自动瑕疵排查及分类系统 (ADC),简单来说就是人工智能系统,并非每个同行都掌握这个技术。QES在这方面的研发上足足耗时大约3年,现阶段已有实力与一些外国品牌竞争,例如Onto和Camtek。

? 除了后端工艺之外,也参与半导体前端工艺的晶圆检测设备。经过多年的研发后,如今产品已经成功推出,并处于内部测试阶段,预计在2024年可以寻获首个客户。虽然与美国品牌的设备功能相似度可能仅有70-80%,但是价格却便宜30%左右。目前,来自美国的设备平均售价介于USD0.8-1m,而QES产品的售价仅USD0.5m左右。

? 晶圆检测设备可以是一个非常简单的产品,不过却取决于在晶圆的哪个流程测试。如果是在Wafer Bumping的阶段,则需要3D技术的检测功能。有必要强调,与一些外国大品牌完全处于不同档次的竞争。以KLA为例,他们的机器主要用于检测3nm、7nm等等的晶圆瑕疵,每台售价轻易超过USD20m。

? 值得一提,其分销与制造业务也有相同类别的产品,不过并非是直接重叠的产品,因此与品牌方的产品称不上有直接的利益冲突。举个例子,虽然Nikon也有晶圆检测设备,但是他们的产品并非是全自动化。

? 在半导体前端工艺,除了晶圆检测之外,在不久前已研发出晶圆堆叠设备 (Wafer Stacking),将在2024年交付第1台。虽然同行Penta和MMSV也有相似的产品,但是他们主要采取定制化的模式,相反QES要减少定制化,并专注在标准化的设备。

? 生意的短期亮点在于汽车行业,在上个月获得一些规模相当大的订单,主要来自汽车半导体企业的SiC产能扩充活动,交付期落在2024年。作为参考,大部分全球汽车半导体企业都是其客户,例如Infineon、NXP等等。

? 中国半导体的当下行情依然没有起色,相信将维持至少多2个季度。虽然持续受到美国的打压,但是从另一个角度,却将加快中国达到“自给自足”的速度。

? 华为最新手机Mac 60 Pro采用7nm的芯片,不过问题在于中国没有ASML的光刻机,理论上是没办法生产这类型的芯片,因此或许将迎来新一轮的课题。此外,对于即将推出的iPhone 15是否能推动市场消费抱有质疑。

总结,QES生意的独特优势在于“多元化”,无论是产品、市场或者行业,在行业下行周期之际依然保持稳健的表现。

个人观点,本地规模较小的半导体企业,例如Elsoft、Aemulus、MMSV等等,最大挑战在于缺少高效的营销网络,有别于QES在东南亚市场已经建立成熟的分销网络。每家成功的企业都离不开厉害的销售,而不是厉害的研发。

8dragon

1,979 posts

Posted by 8dragon > 2 months ago | Report Abuse

There's no surprise in the qtr result. TP is 0.55.

YiStock

1,984 posts

Posted by YiStock > 2 months ago | Report Abuse

Have to cross 0.55, then 0.65 is the next target. The new contract secured should be able to help QES to have a meaningful growth story in next 1 year

YiStock

1,984 posts

Posted by YiStock > 1 month ago | Report Abuse

To challenge 0.55

8dragon

1,979 posts

Posted by 8dragon > 1 month ago | Report Abuse

屹立不倒的公司,股价却这么烂..

8dragon

1,979 posts

Posted by 8dragon > 1 month ago | Report Abuse

目标价0.35...

8dragon

1,979 posts

Posted by 8dragon > 1 month ago | Report Abuse

Yea, non performing stock used to be press champion to con investors....

dchin472

307 posts

Posted by dchin472 > 1 month ago | Report Abuse

boss suddenly no update alrd lousy

8dragon

1,979 posts

Posted by 8dragon > 1 month ago | Report Abuse

Better buy AEMULUS...TP 50 cents

8dragon

1,979 posts

Posted by 8dragon > 1 month ago | Report Abuse

TP for QES is 0.35-0.40. Would be a hard year for technology industries locally and abroad.

Gen2

249 posts

Posted by Gen2 > 1 month ago | Report Abuse

@kokchengkai
高科技企业最重要的就是研发,要不然QES的老板也不会要求产品制造份额超过30%。看看台积电和ASML他们是不愁销售的。

ysyap84

75 posts

Posted by ysyap84 > 2 weeks ago | Report Abuse

Reversal trend spotted. Expected heading to north....

Michael Kwok

5,966 posts

Posted by Michael Kwok > 2 weeks ago | Report Abuse

Qes 47 cents
Tp 45 cents below.after tht let see.
8/2/24 3.55pm
Add me as follower or paid.

ysyap84

75 posts

Posted by ysyap84 > 2 weeks ago | Report Abuse

Be patient, it is coming....

Posted by seekingsuan > 1 week ago | Report Abuse

28-2-2024业绩報告,qes 目标72角

remus17

102 posts

Posted by remus17 > 1 week ago | Report Abuse

what makes you say so, 72 cts?

remus17

102 posts

Posted by remus17 > 6 days ago | Report Abuse

qes move pass 1 mth high, 52.5 now, good result ?

Posted by wilsonchan87 > 2 days ago | Report Abuse

faster sell. manufacturing section is loss

MACD

100 posts

Posted by MACD > 2 days ago | Report Abuse

gap down ?

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