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KUALA LUMPUR (Sept 26): QES Group Bhd expects market value to increase threefold in the next 3-5 years as it bets on China and Asean for revenue growth, Managing Director Chew Ne Weng says in interview in Kuala Lumpur.

* The company supplies inspection, testing, measuring, analytical and automated handling equipment, and is a distributor for Nikon and Hitachi products, according to its website

* The company will spend RM10 million to set up laboratory showrooms in Vietnam, Philippines and Indonesia by 2020 after opening one in Thailand last week, its first outside Malaysia

** The company plans to sell more equipment to China where it sees strong growth

* QES can comfortably report revenue growth of 5%-8% over next three years

** Gross margin seen stable at 25% over this period

* The company has recurring annual income of RM40 million from its more than 10,000 equipment installed

* QES’s market value is RM261.6 million, with RM15 million net income and RM190.9 million revenue last year: Bloomberg

* NOTE: Shares extend gains to reach a record 35.5 sen on Monday, extending 87% gain from offer price at its March 8 listing; Benchmark FTSE Bursa Malaysia KLCI Index declined 2.3% over same period                                  Sinchew
Thu, Sep 27, 2018 - 4 days ago









图片中可能有:5 位用户、微笑的用户、一群人站着和西装

图片中可能有:5 位用户、微笑的用户、一群人站着和西装

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