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i think it should be more than 1.0 :) well, the new mfg plant consists of cleanrooms which means products manufactured in these cleanrooms probably require compliance to GMP/ISO standards; medical industries potentially. Non-cyclical and resilient to economic cycle providing consistent sales growth. Manage our own positions well and cross our fingers :)
Definitely holding tight, SLK :) It is also a beneficiary of China+1 strategy since Applied Engineering is US based :) First is the start up of the new mfg plant by Q4 this year and followed by ramp up.
Thanks Cheng ，starting new factory by Q4 it's a good news,hope can bring it grow up slowly . I don't like jump in jump out ,too tired, i like take profit gaogao，ha ha ha
indeed, 杰. At this juncture, we just have to manage our positions well and keep an eye on the progress of its expansion - signs of revenue increase. Its good to see recent interests on QES and thus providing the liquidity that we are seeing.
QES new factory in Batu Kawan, Penang has commenced construction in January 2024 and is slated to be completed by the fourth quarter of 2024. The new factory is a testament and a momentous step forward of QES’ reputation as a global frontrunner in the manufacturing industry for its automated inspection and handling equipment but also reflects the long-term global growth in demand for the semiconductor industry. QES will be well-positioned to harness these opportunities from this expansion while leveraging on Batu Kawan’s attractive industry ecosystem. The Group will continue to focus on its business strategies in expanding during the slowdown to be well-positioned to harness opportunities at the signs of the semiconductor industry recovery. Following various optimistic outlook reports on the semiconductor industry for 2024, the Group is confident for better growth prospects for FYE 2024.
extracted the statements above from the annual report. In summary, construction of the new plant is on-going with target completion by 4th quarter and the overall outlook for semiconductors pointing to the highly anticipated recovery second half of this year :)
Thanks, 杰. I am eyeing for the growth from the new manufacturing plant. Q2 and Q3 will be interesting as the new plant is target to start operating by Q4; by modular basis. If thats the case, we should be seeing some numbers in Q2/Q3 report. Additionally, you may want to have a look at the latest shareholdings in the latest annual report :) Foreign institutions seems to be busy sweeping. From ~3M foreign shareholdings in 2022 to ~25M in 2023.
