KUALA LUMPUR (Sept 15): Aemulus Holdings Bhd expects to benefit from the weaker ringgit against the US dollar, as 60% of the semiconductor testing equipment specialist's sales are denominated in US dollars.
Speaking to reporters at Aemulus' listing ceremony, Aemulus executive director and chief executive officer Ng Sang Beng said its main markets included China, Singapore, Thailand and South Korea, besides the US and the Philippines.
"We are also looking at the Taiwanese and Japanese markets. We need to focus more on research to compete in the global market," Ng said.
The ringgit changed hands at 4.3040 against the US dolllar today, compared with the strongest level at 3.1970 over the last year.
Chok, who also joined Aemulus’ board of directors as independent non-executive chairman, said the IPO has attracted some “blue chip local institutional funds” but declined to reveal names.
The company, however, noted that its 43.885 million offer shares reserved for placement to identified investors were oversubscribed.
I hope it can happen as same as after bersih rally...in fact it should be higher than 40points with stock market strength today across asia country. furthermore , there is 20b officially to pump into the market
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AC Gan
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Posted by AC Gan > 2015-09-15 08:55 | Report Abuse
See how it go today... !