Financial
During 2018, PBT lower than 2017 due to one-off IPO expenses incurred during the year and higher sales and marketing expenses to promote our new range of equipment.
Business
OSAT (Outsourced semiconductor assembly and testing) BIG 4 - INARI (customer broadcom and osram), MPI and Globaltronic (optotronic) and Unisem
ATE (Automated testing equipment) - Vitrox (IC, battery module), Penta , MI Technovation (Customer - AST, Utech, Amco, TSMCO) and Greatech (Solar panel / module (customer - First solar), battery automation, medical tube,consumer electronic (Customer - panasonic) )
Financial Q4 2020
Net cash company. Balance sheet healthy.
Receivable a bit risky, is 23% of total assets. Besides that, the revenue for the year is 229 millions but the receivable is 102 millions. Need to take note of this.
Cash flow statement no issue.
Prospects.
My thought
Lots of ATE company in Malaysia and it is very competitive. The company trying to expand into industrial 4.0 which is the future trend. If it successful then it will be a bonus and the company will continue to grow.
Revenue 2020 : 229,004
EPS : 0.07241
P/E = 55
ROE= 13.9
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