Posted by hantamking > 2021-08-20 18:30 | Report Abuse

read properly QR report, what they do pakcik 8dragon ^^

Posted by changyl > 2021-08-20 18:37 | Report Abuse

QR is the past, stock investment (esp growth stock) should look at future prospects!

Posted by frank74 > 2021-08-20 18:48 | Report Abuse

Well said Grova...This is a good result ! I'm willing to wager many companies out there would jump for joy at a 50% growth YOY...

Posted by frank74 > 2021-08-20 18:58 | Report Abuse

What's more exciting is that they've done consistently well two quarters in a row...

Posted by keanchung > 2021-08-20 19:05 | Report Abuse

the manufacturing segment last quarter post 2,5 million profit, this quarter loss 323k, i tot ATE very high demand now? btw other income also drop a lot.

Posted by keanchung > 2021-08-20 19:40 | Report Abuse

this quarter revenue generated from manufacturing division are 3,9 million and net lost 323k. refer to page 9 A9

Posted by Grova1 > 2021-08-20 20:03 | Report Abuse

Hi KeanChung, I'm sorry I didn't read properly. You are right.

Posted by ezmoney > 2021-08-20 20:31 | Report Abuse

@WeeChichi, any opinion on the latest QR result?

Posted by another77 > 2021-08-20 20:33 | Report Abuse

@akuantiguru,QOQ down 44% but Y&Y up and Monday limit down,? Come on, you need to go back to financial report 101 class.

Posted by hantamking > 2021-08-20 20:42 | Report Abuse

During pandemic time this company still positive earning ^^ solid la

Posted by Armanhashim > 2021-08-20 20:46 | Report Abuse

Qr red … my trajectory still intact .. careful all .. better sell now .. no hope ..hard to sustain 80 cents .. distribution done successfully and elegantly .. you all can thank me later ..cheers ..

Posted by Armanhashim > 2021-08-20 20:47 | Report Abuse

You all have been warned ..

Posted by hantamking > 2021-08-20 21:31 | Report Abuse

Those who dont have qes always come here wayang ^^
u are market ke ? Hahaha

Posted by Weechichi > 2021-08-20 21:49 | Report Abuse

@ezmoney yoy up..qoq a drag by manufacturing, not sure what’s the reason behind it..however, if the Company can sustain itself with this earnings or even more for the last 2q, the full year will be an even more record year..if go by this full year and a better forward projection, it certainly can support its price at this level and perhaps higher..my take is breaching RM1 is a matter of time, however need to see the another quarter, and also where the industry PE at that point of time..company still making good profit and strong balance sheet, and it’s in the right industry..more than sufficient to justify a hold for me..as always, due diligence prevail..cheers..

Posted by Investformilkmoney > 2021-08-20 22:11 | Report Abuse

I may be wrong but, manufacturing has net loss may be due to more investment in machine assets. The report shows a lot more in machine this year compare to last year.

Posted by Investformilkmoney > 2021-08-20 22:13 | Report Abuse

They need to buy more machines to produce their products. I am sure next quarter will boom up by a lot.

Posted by keanchung > 2021-08-20 23:26 | Report Abuse

with the help of chip shortage also can't boost qes manufacturing sales, no need talk after semiconductor up cycle end.

Posted by billybob123 > 2021-08-21 00:20 | Report Abuse

if monday consolidate more, ill definitely accumulate more shares! No matter what the managing director even said in the radio station that the only reason net profit is down is because of EMCO with factories closed. Ill for sure buy more if goes down a bit! I am more of the long term so ya and qes has a very stronger prospect and future. TECH IS THE FUTURE YALL DONT FORGET ABOUT THAT!

Posted by jackietian1987 > 2021-08-21 00:22 | Report Abuse

revenue is there nothing to worry if holding long term.. all we know setting up a factory or a line is not in a blinking time to 100% recover from investment. Revenue slightly increasing not bad , asset increasing also

Posted by Grova1 > 2021-08-21 00:23 | Report Abuse

Hi keanchung, thank you for pointing out my mistakes just now. I would like to share my thought with you, if you don't mind.

The losses made in the manufacturing division are caused by a decline in demand for automated handling equipment. Besides, another reason is that the machines of the company are not fully utilised yet (only 60% to 70% being utilised), as stated in the article published by The Edge entitled "QES Group aims to be a big-name equipment player" dated 09June2021. Therefore, a drop in customers' demand will likely increase the fixed costs of production, hence the losses incurred. The reduced demands can be caused by a number of reasons, such as the chip shortage. It does not mean that the company is losing in the competition.

However, it is worth noting that the capital expenditure of the company has increased by three folds since 4QFY2020. Once the customers' demand rebound, the results will likely surprise us because once the fixed costs of QES' manufacturing business reaches the inflection point, any additional revenue that comes in will largely be profit.

The question we need to think here is:

Considering the high growth of 5G, do you believe that QES will manage to rake in more orders and scale up its operation in the manufacturing division in the coming quarters?

Posted by keanchung > 2021-08-21 01:15 | Report Abuse

Qes is definitely going to be big for long term, but quite disappointed they can’t make profit for their manufacturing segment in this quarter, the confident level of investor will drop, because ppl doubt that their manufacturing business is profitable or not for next quarter, if this quarter profit at 5-6 mil share price will fly to the moon, but too bad Qes miss the golden opportunity, but not one know how the market will react, let’s hope for the best.

Posted by Grova1 > 2021-08-21 08:58 | Report Abuse

Exactly. Let's hope for the best. I hope the market won't be driven by unnecessary panic because the company is in the burgeoning industry.

Posted by Bgt 9963 > 2021-08-21 09:00 |

Post removed.Why?

Posted by 8dragon > 2021-08-21 09:27 | Report Abuse

65 cents for sure with the return of frog cabinet nx week.....

Posted by manager777 > 2021-08-21 09:41 | Report Abuse

The quarter result definitely good to me. Obviously the net profits in manufacturing not as good as last quarter but overall performance impressive I can say.

I think retailers need to understand in business there is up and down and the business profits not linear from quarter to quarter. You guys can check the other ATE players their profits not linear from quarter to quarter. Try to look at bigger picture of the company performance.

Best yet to come. With new factory completion next year and JV applied engineering which can propel the QES expansion in building new product faster. More than enough as reason why I will hold QES.

Posted by MrRightMrLeft > 2021-08-21 10:00 | Report Abuse

65c? Ok time to top up more

Posted by MARIO8838 > 2021-08-21 12:40 | Report Abuse

if go back to 65c i think will all in

Posted by PGOne (Pure Goreng One) > 2021-08-21 13:12 | Report Abuse

reasonable results, we can see how much manufacturing sector impact the company. Any drop is a big chance for me to collect, as I am overall satisfied with the company development. RMB this is a 600m cap company, it will grow large in long term, so do my portfolio :)

Posted by keanchung > 2021-08-21 13:38 | Report Abuse

Now the forward PE is at 30, should be no panic sell on Monday, this company is cash rich, and one or two million drop in profit won't impact much for them, this company got plenty of cash, they can grow slow and steady, their boss already mention he is bullish based on whatever they have for now for his year, maybe next quarter got surprise.

Posted by Steve88 > 2021-08-21 13:58 | Report Abuse

This monday sure will drop... dont expect too much...as many investors hold to wait for the qr release to see got a surprising result or not..with this under expectation qr they sure will sell their tickets to other counter.. klse now not much long term investors since this hardship covid period coming..

Posted by Armanhashim > 2021-08-21 14:03 | Report Abuse

Cannot imagine what will happen next ..now we are clear that qes just do testing ..still long way to go before qes able to produce its own chip .. thats way massive chip shortage not affect qes earning ..qr still red ..hopefully within 10 and 15 years qes will able to produce its own chip .. or the time being qes will remain as penny stock and the price will reflect and make correction soon .. next tp 50 cents and then 30 cents and finally will land at 9 cents .. happy weekend all ..cheers

Posted by keanchung > 2021-08-21 14:11 | Report Abuse

Ikanbilis sell, institution fund will support, don't worry, whoever want to run already run during the past 10days correction, no need wait until Monday, now the ticket mostly hold by institution, institution is looking for long term investment no short term trader.

Posted by keanchung > 2021-08-21 14:15 | Report Abuse

look at Mi result, they do badly in Q1 result, but make a huge come back on Q2 result, and QES already hit record high in Q1, give them time rest for one quarter is acceptable.

Posted by hantamking > 2021-08-21 14:17 | Report Abuse

Only joker here bark run , all ignore them hahahah.
Longterm mean 1-3 year and above

Those wayangking hold 1 day sudah tak tahan haha

Posted by hantamking > 2021-08-21 14:19 | Report Abuse

Each good company net profit got up and down
dno uwc pie also same. But now u see their price , fly to moon already. Cheers ya Qes

Posted by hantamking > 2021-08-21 14:20 | Report Abuse

Good company share price is solid ^^

Posted by Steve88 > 2021-08-21 14:27 | Report Abuse

Keanchung, look at the THIRTY LARGEST SHAREHOLDERS..Institution hold not more than 5% where do u look at?

Posted by Grova1 > 2021-08-21 14:47 | Report Abuse

Armanhashim, I think QES is set to manufacture testing equipment, not chips.

Posted by Grova1 > 2021-08-21 14:53 | Report Abuse

Overall, the drop in the manufacturing division is merely an external factor of lower customers' demand and fixed costs. It has nothing to do with internal factors that are structurally damaging by nature. Given the market position of the company, its tripled capital expenditure and the high growth of 5G, I believe it's still worth putting money in.

However, I'm really curious about the reasons behind "lower customers' demand" as stated in the recent quarterly report. Does anyone know the reason?

Posted by keanchung > 2021-08-21 15:19 | Report Abuse

Hi Steve88 for now is less than 5%, if the share price drop do you think they will support the share price, and the 2 bosses already hold 55% of the share, now better look for next quarter result and wait the applied engineer JV start contributing profit to the company, they will start operating by September, no too long they will start contributing to the company earning, in the interview the boss say they request for higher percentage stake for the JV company, but AE refuse, because AE think business going to be profitable.

Posted by keanchung > 2021-08-21 15:29 | Report Abuse

LAM research is one the customer for AE in US, so happen Lam research is setting up a largest production facilities in Batu Kawan Penang, hope they are getting some contract from Lam research.

Posted by Investformilkmoney > 2021-08-21 15:49 | Report Abuse

@Grova1 manufacturing drop because of demand drop. Demand drop may due to many company shutdown due to covid19 clusters. Many factories shut down few weeks, hence semiconductor company is also affected.

Posted by Weechichi > 2021-08-21 18:12 | Report Abuse

Haha..guys..don't be too serious with Armanhashim..If you checked his comments history you would know why I say so..words of low credibility by calling 9 cents during the period QES rise from 50 cents to above 90 cents..I even wrote a long comment to him by asking him to check himself out whether he is that accurate to his words..He just sounds like a broken record to me, and maybe to many other as well..haha..I would bet against his words again this round..

Anyway, back to the result, still a decent overall yoy revenue and earnings growth..I would give the benefit of doubt that its manufacturing segment is largely impacted by most of the factory shut down..and see its next q result..one could hardly find a Company doing so much profitable, net cash, prudent cash flow management, and having the vision to invest heavily in CAPEX for its anticipated orders which would largely turn into cash profits as and when due..Buy or sell is up to any of you, as own money, own target..As always, due diligence prevails..cheers..

Posted by hantamking > 2021-08-21 18:17 | Report Abuse

If u understand QES potential , just stick with it ^^
Those wayang king can flush out already , let the worthy people own the stock ^^

Posted by Jackgor888 > 2021-08-21 18:36 | Report Abuse

同行人会知道这家公司不咋滴～Road to 60-70sens

Posted by hantamking > 2021-08-21 19:41 | Report Abuse

So many wayang here ^^

Posted by Investoinvest > 2021-08-21 19:53 | Report Abuse

Agree with hantamking

Posted by Weechichi > 2021-08-21 20:03 | Report Abuse

Haha..indeed many wayang..and tried to magnified trivial issue..many people ignored the fact that greatec experienced a drop in profit margin from 49% to 28.1% in its recent Q2 too despite huge increase in revenue..and JF tech for 2 consecutive quarters lower profit margin with increased revenue...and they are still trading at hefty valuation..with the recent Q2 result, QES is trading at a trailing 47 times P/E, possibly the lowest valuation amongst the league with lots of room for re-rating..But to each his own, wayang can continue wayang, holders can continue to hold..due diligence prevail..cheers..

Posted by Mr.Sm Invest123 > 2021-08-21 20:10 | Report Abuse

this year double digits growth is not an issue & because the manufacturing biz is catching up.
will accumulating more.

Posted by hantamking > 2021-08-21 22:56 | Report Abuse

dno uwc pie also same , which company also same , profit is a cycle , as long as the profit is positive , company is still solid ^^ Now their price all fly to moon already ^^ cheer ys Qes