Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
agreed with waiting for the qr. I am still keeping my avg at 0.37 and didnt add so far. will look for opportunity to add if QES can break the usual soft Q1. fingers crossed.
not nice, kenny. you dont want to go through the emotional cycle up and down. and then beginning to doubt whether should have rebalanced the tickets and buy back lower.
it was really painful to see it drop from 0.51 and wiped out all the gain and went up half way and wiped out again at the back of war sentiment. on the other hand, boss is on the media talking about medtech/china collab while share price going south.
last time used to have one person by the name of warren time. his strategy is good. Go up, rebalanced and adjust the avg price lower to fight qr instead of holding the running profit to fight qr. Chances of winning by betting on a good qr is not high.
the setback in last year performance came from Q1 and Q2. Its none other than the manufacturing segment. Manufacturing revenue (depending on product mix) seems not to be able to cover the manufacturing segment fixed cost resulting in the 8mil hit last year. Boss has been talking about medtech orders and China collab for the manufacturing space. We will know in the coming Q1 results. The good thing about this problem - it is not a structural thing but rather cyclical.
Boss just have to fix that manufacturing segment and it will be all time high annual net profit in the making. As the semicond upcycle has begun, the cyclical manufacturing segment should reflect the results accordingly. Well, just my own assumption given the manufacturing segment revenue for the last 2 fiscal years and its segment profit - pointing to product mix margin and fixed cost, product mix driven by cycles if you will.
if it is lower than q4, it is the usual soft q1. 52-52 becomes the resistance. Lol, no pun intended. if it is within 5% of q4 - that is good and strong. big W in the making.
results day. what we want to see is the manufacturing segment numbers :) MI and Penta results showing semiconductor equipment segment picking up strongly. There should be spillover for instrumentation equipment sales for QES coupled with the strong export numbers for electrical and electronic sector.
Trump and Xi becoming bff. Trump cancelled the Taiwan's arms deal after the Beijing trip. Xi has accepted the invitation from Trump to visit White House in Sep. There should be underlying trade deals as well.
He needs leverage as usual. venezuela and iran's oil as Xi has rare earth export controls - critical for defense, semiconductor and EVs. Both should have settled their differences for now and there should be good news from them soon. The timing of Taiwan's arms deal cancellation speaks a lot about the progress Trump and Xi has made.
Cheng, manufacturing division double up YoY and this will be crucial for their upcoming performances. However difficult for Q1 to perform better than Q4 as CNY and Hari raya also in same Quarter. Don’t forget the foreign exchange rate in previous quarter vs now haha
qoq comparison - Its the usual soft Q1 and the usual culprit of lower revenue for manufacturing segment resulting in 1.5mil loss (not able to cover the fixed cost). The plus side - inventories jumped, contract liabilities (customer deposits) jumped higher and balance sheet becoming stronger again - higher cash balance and lower receivables.
yoy metrics will be good, undertaker :) I am looking at qoq - the balance sheet is strong, contract liabilities typically a proxy for orderbook is strong but the manufacturing revenue is not strong in Q1. I am not sure Mr. Market will be willing to provide quotes above 52? May need to wait a bit more.
Sometimes mr market don’t really care. They pushed the price to above 0.70 last time when QR not really promising also. Most importantly is who are the operators haha
Normally QR day the boss will have briefing with a few fund managers. They will update the company current plan and orderbook within a few days. I think the medtech order and the china OEM yet to reflect in their QR yet
the contract liabilities jumped by 6mil in Q1 to 23mil from 17mil as of Dec'25 and inventories built up by 9mil from Q4 to Q1. Thats quite a huge jump within a qtr :)
just noticed the MoU announcement - the details of China collab. Looks like a win-win partnership but it has zero value now - MoU/intention stage. A contract or definitive agreement needed. QES - expand product range to x-ray inspection machines from Unicomp (distribution) or manufacturing+distribution. Unicomp - leverage QES's ASEAN distribution network to sell their x-ray inspection machines. Unicomp seems to be a strong company and it has at least 6 patents.