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I have changed my view on Qes, with releasing result of peers which are loss making, qes have did a good job while maintaining profit. Good thing is manufacturing pick up which have higher profit margin, bad thing is revenue have decrease sharply from China from 5mil to 1mil. the expenses for administration and also marketing increase sharply across few quarter. something fishing inside hope the expenditure not spend for nothing. continue hold my qes till next qtr
if you take a look on the report, qes had a huge improvement in revenue and profit margin in china. Qes have a long term customer relationship for those maintenance of equipment which generate stable revenue but margin are way too low. if qes able to pick up the China revenue and continue maintain good profut margin, then the share should be rocket. just to be noted, china are almost out of chip and precision and testing of chip are very important factor in chip production. long term tp should be 80sen
