Posted by Sharkdoodoo > 2021-06-09 14:49 | Report Abuse

dump dump dump!

Posted by Targeted > 2021-06-09 14:52 | Report Abuse

Ok done....

Posted by Loading > 2021-06-09 14:53 | Report Abuse

0.68?

Posted by Targeted > 2021-06-09 14:59 | Report Abuse

Master stroke by bosses........ Lol

Posted by gkmeng > 2021-06-09 15:01 | Report Abuse

big boss buat apa? not enough money to use?

Posted by Targeted > 2021-06-09 15:06 | Report Abuse

BI coming......?

Posted by hotdogge > 2021-06-09 15:11 | Report Abuse

buy on dip

Posted by Sharkdoodoo > 2021-06-09 15:16 | Report Abuse

60sen is coming. those full-baked dissapeared

Posted by mystery > 2021-06-09 15:18 | Report Abuse

dump all bye

Posted by Mr.Sm Invest123 > 2021-06-09 15:20 | Report Abuse

Chew : People often ask me whether QES can be as big as ViTrox, Pentamaster, Greatech and MI Technovation. I don’t discount such possibilities. That’s our plan actually. (Photo by Patrick Goh/The Edge)
-A+A
LOOKING up at its bigger peers, Shah Alam-based automated test equipment (ATE) manufacturer QES Group Bhd can already see itself among their ranks in the not-too-distant future.

Also its largest shareholder, QES managing director and president Chew Ne Weng, is not shy about the group’s ambition to become an equipment giant.

“People often ask me whether QES can be as big as ViTrox, Pentamaster, Greatech and MI Technovation. I don’t discount such possibilities. That’s our plan actually. It is where we want to be one day. To me, it is all about hitting the volume and scale,” he tells The Edge in a virtual interview.

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According to him, the fixed costs of QES’ manufacturing business is expected to reach a constant level, and when it reaches an inflection point, any additional revenue that comes in will largely be profit.

“I would say we are at the 60% to 70% level of reaching that inflection point. We will scale it up, and once we hit the inflection point, our profit will grow significantly within the next two to three years. By then, hopefully, our market capitalisation could reach RM1 billion,” says Chew.

Year to date, shares in QES have more than doubled. The stock closed at 62 sen last Thursday, which translates into a market capitalisation of RM517.17 million. In comparison, its better known peers MI Technovation, Pentamaster, Greatech and ViTrox have a market capitalisation of between RM2.56 billion and RM7.34 billion.

QES started in 1991 as a distributor of test, inspection and measuring equipment, before eventually becoming a manufacturer of these equipment. Today, the group has two core business divisions — namely, distribution and manufacturing.

Following the company’s listing on the ACE Market of Bursa Malaysia in 2018, many investors and fund managers have expressed particular interest in its manufacturing division, which makes equipment for the semiconductor industry.

“We have quite a large spectrum of product lines, covering various test and inspection processes, from wafer fabs all the way to test and assembly. We have all the equipment for wafer inspection, post-wafer probing and post-dicing, wafer sorting and handling, as well as wafer packing and unpacking,” Chew elaborates.

“The only area that we don’t cover is the final test, which we think is a very crowded space. The likes of ViTrox and Pentamaster are covering this area, while many other non-listed local players are there too,” he explains.

In the distribution business, QES distributes the products of principals — from countries such as Japan, the US and Europe — in the Asean region.

“We have offices in Malaysia, Singapore, Thailand, Indonesia, the Philippines and Vietnam. Of course, we also sell our own products in these markets, but the product range is different as we don’t want to compete directly with our principals,” stresses 58-year-old Chew, who co-founded QES and is the single largest shareholder with a 30.84% stake in the company.

Despite posting a slight dip in revenue in the financial year ended Dec 31, 2020, QES’ earnings jumped 2.6 times to RM8.7 million from RM3.3 million a year ago.

In the first quarter ended March 31, 2021, net profit soared to a new record high of RM6.9 million, representing a year-on-year growth of 176% from RM2.49 million a year earlier. As at March 31, cash and cash equivalents stood at RM69.4 million.

Commenting on stock valuations, Chew observes that QES had been trading at a historical price-earnings ratio (PER) of more than 60 times. But in the aftermath of its latest financial results on May 19, its PER has been reduced substantially to about 38 times currently.

“If you compare our PER with other ATE manufacturers, you will realise that QES has a good value proposition. Our stock valuation still appears to be rather attractive,” he asserts.

Expanding manufacturing business
Currently, 16% to 18% of QES’ revenue comes from its manufacturing division, and the remaining 80%-plus from its distribution division.

The beauty of QES’ distribution business, Chew points out, is that it provides the group with a huge chunk of recurring income, given that it had installed more than 12,000 units of equipment in the Asean region and other parts of the world over the past 30 years.

“These equipment need to be maintained and serviced regularly. Every year, we would consistently collect a recurring income of about RM40 million, which constitutes 20% to 25% of our group revenue. In other words, our recurring income from the distribution division alone is bigger than our manufacturing division.”

Nevertheless, the manufacturing division will remain a key pillar to be built up over the next two to three years. “We hope the manufacturing business [will be able to] contribute up to 30

Posted by mrupai > 2021-06-09 15:20 | Report Abuse

every quarters profits increase strongly

Posted by Mr.Sm Invest123 > 2021-06-09 15:22 | Report Abuse

Edge Weekly - Chew: People often ask me whether QES can be as big as ViTrox, Pentamaster, Greatech and MI Technovation. I don’t discount such possibilities. That’s our plan actually. (Photo by Patrick Goh/The Edge) - http://www.theedgemarkets.com/article/qes-group-aims-be-bigname-equipment-player (Share from StockHunter)

Posted by Sharkdoodoo > 2021-06-09 15:23 | Report Abuse

even profitable, still a pump and dump counter

Posted by Mr.Sm Invest123 > 2021-06-09 15:26 | Report Abuse

Hold tight please

Posted by walletchong > 2021-06-09 15:29 | Report Abuse

the 2 bosses sells shares to pay deposits for a new bigger factory in Batu Kawan, Penang? then good news limit up?

Posted by sitisani83 > 2021-06-09 15:33 | Report Abuse

then the price will increase later

Posted by Mr.Sm Invest123 > 2021-06-09 15:47 | Report Abuse

Alo Didn’t surprised.. disposed only 14 millions shares. Both hold over 400 millions of share.

Posted by Westeros > 2021-06-09 15:47 | Report Abuse

@fruitcake...fools like you don't need to remind me to load up...I have already been waiting for a pullback to load up. You think the new expansion in Batu Kawan dont need money? what pay from your ass is it? Of course they need cash to pay. Oh sorry forgot you are retarded no wonder you did not know....haha

Posted by hotdogge > 2021-06-09 15:56 | Report Abuse

buy qes

Posted by keanchung > 2021-06-09 16:03 | Report Abuse

Timing so perfect, after disposal announcement then the edge interview come out. Someone is collecting

Posted by ilovesoya > 2021-06-09 16:04 | Report Abuse

This counter is manipulated… despite the good fundamentals

Posted by Abdulazizba > 2021-06-09 16:04 | Report Abuse

where is my friend ARMANHASHIM...sudah time masih tidak keluar..

Posted by mystery > 2021-06-09 16:11 | Report Abuse

How to know the 2 bosses sells shares to pay deposits for a new bigger factory in Batu Kawan, Penang?? why said like this?

Posted by keanchung > 2021-06-09 16:17 | Report Abuse

Boss just sell the additional share he acquire on 2020, nothing to worry

Posted by Bursawise1984 > 2021-06-09 16:20 | Report Abuse

you kena scared????

Posted by Abdulazizba > 2021-06-09 16:22 | Report Abuse

director sell share normal lah geng..he also want to make money lah...FACEBOOK MARK ZUKERBERG , AMAZON JEFF BEZOZ also sell thier share..

if not how they want to enjoy their richness...NET WORTH not real money...PAPER ON HAND with AGONG FACE IS THE REAL MONEY

We too buy share to sell one day...no to peram jadi ALKOHOL lah...

Posted by Westeros > 2021-06-09 16:23 | Report Abuse

@mystery..simple logic when you want to expand dont you need liquidity? QES shares has appreciated sell and get fund rather borrow from bank. Company has provided their PnL it is a company that keeps making profit, chart is still on an uptrend. So what is bad about QES...absolutely nothing.

Posted by Westeros > 2021-06-09 16:30 | Report Abuse

As i have said naysayers will say what they want to say and they will only appear when there is a pullback, ever wonder why they never ever comment when the stocks is on an uptrend? Because they have nothing to say these guys are there to scare investors to part from their money. As i have said previously I want all to make money irrelevant who you are, we are all here to make some money. So why lie and create panic and fear and of the day the money you invest and later earn is yours and same goes to me as well. There is nothing to gain from trying to cheat people. People like fruitcake should know that karma is real if it does not come now it will eventually catch up later.

Posted by tothemoonz > 2021-06-09 16:35 | Report Abuse

Time to use your bullets hehehehe..... Discount!

Posted by Weechichi > 2021-06-09 16:42 | Report Abuse

Hahaha.. seems like all the dots connecting..a small disposal of shares, interviews, etc..can you see what I see forthcoming? Haha.. that said, if you are a chef trying to make a fruit cake, it is unlikely that it will turn into a cheese cake.. unless you remove the fruit topping, and added with cheese and start burning it, then it will turn into a delicious burnt cheese cake..

Posted by keown83 > 2021-06-09 16:45 | Report Abuse

well, that's a technical sell signal for me..already set some selling target price tomorrow..will wait until the price made some bottom support before entering again..anyway, uptrend fundamentally good stock is always a good stock to trade with

Posted by indon_trader > 2021-06-09 16:46 | Report Abuse

@weechichi, what is your opinion on this? if you dont mind to share...

Posted by fruitcake > 2021-06-09 17:10 | Report Abuse

GAME OVER HERE. ARIOS

Posted by Weechichi > 2021-06-09 17:12 | Report Abuse

@indon_trader couldn’t share much and have nothing much to share at this juncture..things are in place and what we need is time..patience is virtue..if you are a smart trader like some forummers above, you can do the scalping everyday for the daily gain..a number of here are seasoned investors including myself..so daily fluctuation doesn’t bother actually..cheers..

Posted by thinkfirst > 2021-06-09 17:38 | Report Abuse

Will Q below 65 cent, tomorrow sure got panic sell. Will be sideline for temporary is good to reset entry point.

Posted by thinkfirst > 2021-06-09 17:40 | Report Abuse

I start enter this counter from below 50 cent in and out , the best counter for me. Next QT will be much better, grab as much can at low price.

Posted by thereal > 2021-06-09 18:08 | Report Abuse

Bearish butterfly pattern

Posted by Almondnut88 > 2021-06-09 18:23 | Report Abuse

68 cents is the key support point….

Posted by thereal > 2021-06-09 18:57 | Report Abuse

67 last support .if broken will be lower

Posted by michaelwong > 2021-06-09 19:10 | Report Abuse

Director dump share can signify share price too high alrdy kah ! Time for them to free up capital and take profits . Try to buy some if price reach 68 cts

Posted by flyyoufools > 2021-06-09 19:18 | Report Abuse

Chill chill everyone. Pullback normal only. Now up to you how you wanna play. Can't tahan see red, you sell. Can tahan, you ride the trend.

At the end of days, your money your call.

Posted by Targeted > 2021-06-09 19:57 | Report Abuse

https://m.youtube.com/watch?v=2n_2-vRSG3I

Posted by keown83 > 2021-06-09 20:38 | Report Abuse

those who enter & currently on the red, just chill & wait patiently for it to rebounce..those who enter & still in the green can set exit plan for tomorrow cos i know u guys have always eyeing some other potential stock to get a short ride..a bit strong pullback here, so might take some time to regain strength

Posted by Abdulazizba > 2021-06-09 21:18 | Report Abuse

PE even better now as entry point ..PE 44. With QES detail strategy layout in the news recently...it is very easy for any layman to understand. Tak perlu baca annual report pun boleh faham..

QES much better than VITROX..

PE very cheap now better come in before too late..

Posted by Mr.Sm Invest123 > 2021-06-09 23:27 | Report Abuse

accumulating more and more...

Posted by hotdogge > 2021-06-10 09:10 | Report Abuse

margin buy qes

Posted by Targeted > 2021-06-10 09:11 | Report Abuse

Give me more panic.................. Tayor... Hehehe..

Posted by Sharkdoodoo > 2021-06-10 09:12 | Report Abuse

pump pump pump!

Posted by fruitcake > 2021-06-10 09:30 | Report Abuse

die die

Posted by Targeted > 2021-06-10 09:35 | Report Abuse

Last bites.........