Business Outlook & Prospects • Manufacturing will be concentrating on research and development activities on our AOI , AHS and Industry 4.0 solutions. • QES expects high growth in China over the next 3 to 5 years. • Based on the private placement utilization, QES will aim to set up a local 100% owned China subsidiary through QES (Hong Kong) Co Ltd. • Expecting distribution division growth to remain flat or a slight decrease for FYE 2020 due to countries which are badly affected by Covid-19 like Philippines and Indonesia would not fare as well but this will be mitigated by the improved results from Vietnam and Singapore. • The Group will continue to focus on market and business expansion activities to grow the business further which may include factory/land purchase to increase our factory capacity. • QES appointed to take over Nikon Malaysia’s industrial metrology business which we expect will contribute additional growth to the Group. • The Group had announced an acquisition of a 5-storey detached factory in Hicom-Glenmarie, Shah Alam for RM 21 million to support future growth and expansion plans for both Manufacturing & Distribution Division. • The Group had successfully implemented a private placement of up to 10% of the issued ordinary shares which was oversubscribed 2X. The main bulk of the total RM 20 million gross proceeds are to develop new products and expand the manufacturing division. The balance will be allocated for M&A activities on segments related to IoT and sensors, semiconductor equipment and process automation in the near future. • Even with the Covid-19 pandemic setbacks, QES will continue to focus activities on building up market share of our manufacturing division equipment to the China and Taiwan semiconductor industry. As for distribution division, we will continue to further strengthen our ASEAN operations as we believe the US-China trade war will benefit ASEAN in the medium term.
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
want to ask, i bought at 0.520, are you recommend to hold?
IrAizatZeinuddin
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@xiang_saw, that is highly depending on the upcoming Q4 report in 3rd or 4th week of this month.Technically, the price is already within the overbought region.
IrAizatZeinuddin
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nice gain today. probably good to keep for investment