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*QES Group (Outperform, TP: RM0.86 based on 26x FY25 EPS)*
It is principally involved in the distribution of inspection, test and measurement equipment, materials and engineering as well as manufacturing of optical inspection equipment and automated handling equipment. To-date, QES has > 4,000 diversified customers and installed base of 14,556 units of equipment spreading across ASEAN and China with sector exposure to semiconductor, automotive, electrical and electronics and others.
