KUALA LUMPUR (Feb 15): Shares of TT Vision Holdings Bhd rose as much as 14.72% to a three-month high of 93.5 sen on Thursday as the Penang-based automated test equipment (ATE) maker anticipates an increase in orders from customers in the optoelectronics, semiconductor and solar cell industries.

At 4.04pm, the counter pared some of its gain to trade at 90 sen, still up 8.5 sen or 10.43%, after some 7.73 million shares changed hands.

Its trading volume so far on Thursday was more than 12 times its four-week average volume of 629,117 shares. It was also among the top 20 gainers on Bursa Malaysia for the day.

At its current price, TT Vision's market capitalisation stood at RM418.5 million. Year to date, the counter has risen by 9.76% or eight sen.

TT Vision, which transferred to the ACE Market from the LEAP Market of Bursa Malaysia in January last year, told The Edge in this week's issue of the weekly that it is currently in the process of doubling its production capacity and floor space to meet the expected increase in orders.

Its co-founder, chief executive officer and executive director Goon Koon Yin highlighted that the technology firm is currently undertaking a two-phase expansion plan to almost double its floor space by 52,000 sq ft. From an existing floor space of 53,000 sq ft, TT Vision will have a total floor space of 105,000 sq ft by early next year.

The Phase 1 expansion is slated for completion by July this year, followed by Phase 2 to be done by early 2025.

As at 3QFY2023, TT Vision's order book stood at RM72 million.

For the nine-month period of 2023 (9MFY2023), the group's net profit slipped by 3.64% to RM7.17 million from RM6.76 million in 9MFY2022. However, revenue saw a modest increase of 1.9%, rising to RM38.95 million from RM38.21 million in the same period.

TT Vision is due to announce its fourth quarter financial results on Feb 27.