Posted by Westeros > 2021-06-23 17:39 | Report Abuse

@Trust..yes thank you for your info and you know what it does not matter as I have already profited 300% from QES so what were you saying again??? No one is interested to know what you want to buy or dont buy, everyone is only interested in what they want to buy!!!

Posted by taco89 > 2021-06-23 17:51 | Report Abuse

Trust
Expanding manufacturing business
"Currently, 16% to 18% of QES’ revenue comes from its manufacturing division, and the remaining 80%-plus from its distribution division."
News two weeks ago already stated this. Its good that they are ambitious on expanding their businesses.

Posted by manager777 > 2021-06-23 17:56 | Report Abuse

Welcome back naysayers.

Posted by flyyoufools > 2021-06-23 17:56 | Report Abuse

3% retracement only. No scare. Should make a base around 0.840 for few days. Still uptrend. But trend can change

Posted by Investformilkmoney > 2021-06-23 18:02 | Report Abuse

The YouTube analysts are like grandparents. They say kids cannot eat chicken feet, because will make your handwriting become cakar ayam. Then they say old people can eat, because old people no need to write. So they eat your chicken feet. Get what I mean?

Posted by keanchung > 2021-06-23 18:16 | Report Abuse

The analysts basically is telling us his mother is female, compare a 6b company with 700mil company, vitrox also used to be 300mil market cap before la, everything start from small mah. talking the thing where everyone already what is the point?

Posted by Weechichi > 2021-06-23 18:41 | Report Abuse

That is why I said, don't waste your time listening to whatever analyst talk, discussion, stock-picking..It's a waste of time.. Often, they just state the obvious..If analysts can believe, pig can fly.. Better utilize your time for a more meaningful event, whichever it is..cheers..

Posted by manager777 > 2021-06-23 18:51 | Report Abuse

The analyst want to wait QES price go high RM5 (profits already booming) only buy. While we savvy investors we buy before the crowd buy as we can see the potential. We invest in grow company not invest when the company already become blue chip stock.

Posted by Investformilkmoney > 2021-06-23 18:51 | Report Abuse

Well, they are useful to make the price drop so we can buy cheaper, sadly I don't have extra capital. Their comment make others dump their shares right now, hence the drop today.

Posted by Investformilkmoney > 2021-06-23 18:54 | Report Abuse

On another note, I should watch their YouTube, when they say sell, then I buy.

Posted by Weechichi > 2021-06-23 19:14 | Report Abuse

No..haha..Don't think they weigh so much..Frankly, i don't know who they are..haha..A simple natural correction to me..That said, watch your capital..cheers and huat..
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Investformilkmoney Well, they are useful to make the price drop so we can buy cheaper, sadly I don't have extra capital. Their comment make others dump their shares right now, hence the drop today.

Posted by michaelwong > 2021-06-23 19:32 | Report Abuse

T3 2norrow and likely the price could further retreat to at least a low of 0.825 somewhere to digest the huge buying volume 2 days ago . Wait for next week to stabilise and then masuk lah ! No need kanchiog mah . A promising good long term growth stock to hold longer to reap the wonderful havest .

Posted by Mr.Sm Invest123 > 2021-06-23 19:40 | Report Abuse

Sorry I know both of them. Siapa dia pig head ? Haha.
People without knowledge of share market.
I don’t want waste my time to listen the above YouTube. Sendiri wayang sendiri song. Shit

Posted by waterbro > 2021-06-23 19:41 | Report Abuse

someone said the next resistance levels are pegged at 59 sen and 66.5 sen before.. can arh?

Posted by Mr.Sm Invest123 > 2021-06-23 19:42 | Report Abuse

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.

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%-40% of our group revenue. This is one area that we think we can grow exponentially,” says Chew.

Unlike its distribution business — where it is an Asean specialist but still needs to follow its principals’ strategic dire

Posted by Mr.Sm Invest123 > 2021-06-23 19:46 | Report Abuse

Alo @Trust . Hope you are interested in QES，
Kindly help to remove this faked YouTube.
Don’t care about this ah tu and ah kau.
Both of them really tak Ada knowledge of tech counter at all

Posted by Weechichi > 2021-06-23 20:00 | Report Abuse

@Mr.Sm That is right..haha..many of these ah tu and ah kau syok sendiri..and thought they know a lot..especially when they don't..haha..cheers to all astute mid term and long term investors..
______________________________________________________________________________
Mr.Sm Invest123 Alo @Trust . Hope you are interested in QES，
Kindly help to remove this faked YouTube.
Don’t care about this ah tu and ah kau.
Both of them really tak Ada knowledge of tech counter at all

Posted by keanchung > 2021-06-23 20:01 | Report Abuse

They are expanding their manufacturing production line, doubled the capacity once the new factory ready, if no actual demand also won't do pp buy new factory for expansion, few new product will be launching by this year end, the current share price only reflect on this prospect, if the MOU materialize the share price will rocket to RM2 above.

Posted by Swimmer > 2021-06-23 20:11 | Report Abuse

Those 2 just want to earn money from YouTube by targeting subscribers. They make money from YouTube not shares. If they r so stock savy/guru where got time to tell story. They would be making millions & join Warren buffet club. Btw, hv u ever seen Warren buffet or Charlie mugger go online or you tube to talk about each NYSE counters?

Posted by pang72 > 2021-06-23 20:22 | Report Abuse

YouTube effect?

Posted by keanchung > 2021-06-23 20:32 | Report Abuse

7.7 subscriber, they can't even do well youtube, another cannnel called superbull cincai also got 38k subscriber.

Posted by flyyoufools > 2021-06-23 21:30 | Report Abuse

Why listen to analyst? Do your own analysing. You listen trading plan what? People said sell you sell? People say buy you buy?

Posted by Investformilkmoney > 2021-06-23 21:31 | Report Abuse

Yeah, agree. Believe in sifu here better.

Posted by Investformilkmoney > 2021-06-23 21:32 | Report Abuse

Btw, what's the AGM result today?

Posted by Mr.Sm Invest123 > 2021-06-23 21:47 | Report Abuse

Don’t simply trust FB live teachers too

Posted by Mr.Sm Invest123 > 2021-06-23 21:48 | Report Abuse

All tipu makan one & thought themselves are the GOD..

Posted by Weechichi > 2021-06-23 21:51 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=21478&name=EA_GM_ATTACHMENTS

AGM just run normal resolutions..shouldn't expect any surprise though..cheers..

Posted by Investformilkmoney > 2021-06-23 22:03 | Report Abuse

So, as usual then

Posted by Mr.Sm Invest123 > 2021-06-23 23:40 | Report Abuse

This is GENERAL MEETINGS: Outcome of Meeting not AGM minutes. Should have a AGM minutes & waiting!

Posted by Targeted > 2021-06-24 02:10 | Report Abuse

Sory, i meant Hitachi........ not toshiba..... Lol

Posted by cikminah7777 > 2021-06-24 08:40 | Report Abuse

Is Gem Seeker here.....???

Posted by Targeted > 2021-06-24 08:49 | Report Abuse

Still early..... Hehehe....

Posted by Abdulazizba > 2021-06-24 09:24 | Report Abuse

PE still cheap for a growing Semicon company..don't regret it after QES becomes investment grade stock, too late to catch up for a small fly like us...

Comparing FACEBOOK and QES - FACEBOOK return from lowest to now 894% in 10 years time Vs QES return from lowest to today 955% to 1000% ....in less than 3 years and GROWING BIGGER..

See the power of GROWTH STOCK....very different from Investment grade stock..

U miss FACEBOOK in the past, don't miss QES , If u miss VITROX in the past don't miss QES now...

masuk sebelum terlambat....

Posted by Targeted > 2021-06-24 09:25 | Report Abuse

.
Nice accumulation for next push...... might be the best to date.........

Posted by Targeted > 2021-06-24 09:29 | Report Abuse

Accumulatte.....

Posted by theresateh > 2021-06-24 12:11 | Report Abuse

going south

Posted by hantamking > 2021-06-24 12:44 |

Post removed.Why?

Posted by flyyoufools > 2021-06-24 12:48 | Report Abuse

Run run run!

Posted by Westeros > 2021-06-24 13:15 | Report Abuse

Yup those who play contra sure kena trap while investors just smile..a litte pull back is no harm infact gives us room to top up. Until the time the uptrend is intact this counter is still game for investors. Always remember the Trend is your friend until it breaks and bend!!

Posted by napnap > 2021-06-24 13:32 | Report Abuse

Market will give fair value for this company..

Posted by Newbieinshare > 2021-06-24 13:48 | Report Abuse

Buy now show at 4pm

Posted by TedTock > 2021-06-24 13:50 | Report Abuse

Habis lah contra players. Genuine investors just hold.

Posted by Investformilkmoney > 2021-06-24 13:53 | Report Abuse

Another show at 4pm?

Posted by ashfa93 > 2021-06-24 13:58 | Report Abuse

expecting bull rest at rnr first, position player now its time to topup some more

Posted by Weechichi > 2021-06-24 14:09 | Report Abuse

Rise a lot nearly a 100% from its low in May. It’s time to take a rest. Relax. I can only say relax.. no one way straight up theory here.. when u see holy trinity come out, prepare for e rise.. meanwhile, look around over Bursa and other exchange, plenty of opportunity there.. cheers..

Posted by theresateh > 2021-06-24 14:26 | Report Abuse

Overall bad. Poor sentiment. QES is taking a rest.

Posted by Weechichi > 2021-06-24 14:43 | Report Abuse

Last time we had a school boy talking about fair value..and I said his maths fail ask him to pm me to get a free maths tuition..just now another school boy posted about fair value but he removed it??!! School boy don’t be ashamed by your post..come on.. cheers..

Posted by taco89 > 2021-06-24 14:52 | Report Abuse

Market sentiment is so bad.

Posted by michaelwong > 2021-06-24 15:00 | Report Abuse

As expected the price forsee today t3 digesting the huge buying volume 2 days ago. Wait stabilise then only enter. Next week keep an eye as the market sentiment r very weak currently

Posted by Targeted > 2021-06-24 15:38 | Report Abuse

Under current circumstances, If QES closes green............there will be awesome show over next few days ......