"Moving on,the Group will continue to focus on a high-mix and low-volume product business model" "Our strategy is to compete with other test socket and stiffener manufacturer in terms of quality ,so that we can price our products higher to generate better margin"
FoundPac Group plans to produce parts for the automotive industry this year.Group chief CEO Mr Ong Cheng Hoon said the Group had installed a new production line to manufacture critical automotive parts. " We are in the process of applying for IATF 169949 certification that will quality the Group as a first and second-tier produces of critical automotive parts" "We expect to get the certification in the first half of this year 2020 and start commercial production in the second half.We have also the automotive part manufacturing licence from the Malaysian Investment Development Authority. These are parts used in,for example the gear box of an automobile
"We are the Group as a key supplier of critical automotive components.FounPac has vast experience in manufacturing precision machinery parts" he told StarBiz
According to Ong,the Group is financially well-positioned to venture into new business projects,as the Group has a net cash position of RM36 million as of Sept 30
FPGROUP are talking now with European and Asian car makers and expected to conclude the negotiation this year that would establish as a key supplier of critical automation components
The global electronic and semiconductor industry is expected continue to grow this year. It will be a better year for FPGROUP with the continuing growth of new products and projets
Choosing between JF Technology and FounPac Group JF Technology and FounfPac Group,which design and manufacture high-performance test sockets and other materials for semiconductor giant
JF Technology is considered FoundPac's closet competitor as both companies have a common product- test sockets.Both are using different technologies in producing test sockets.So far they have not competed directly in exploring new market segments and securing new customers
FounPac Group: Year over year profit growth 2 Quarter over quarter profit growth 3 continuous Quarter prowth growth Latest quarter profit is 2 year high Year over year revenue growth 2 Quarter over Quarter revenue growth 3 continuous Quarter revenue growth Latest Quarter revenue is 2 year high
Stay tune for the coming 2 Quarter(FY20) report to be release soon
There are many types IC packaging in the market.JF Tecnology only focuses on certain types whereas FoundPac Group range of customers is bigger.So far.they have not bumped into each other
One of largest securities account holders Citigroup Nominess(Asing) Sdn Bhd Qualifier: Exempt An for Citibank New York (Norges Bank14) acquired 12,763,777 (2.45%)
Brother its better for this counter up slow slow..rather then fly up fast and then kamikaze.....this counter is Huat counter for those holding longterm...
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....
Master123
213 posts
Posted by Master123 > 2020-02-06 12:37 | Report Abuse
Don't easily to sell out any counter related to 5G. This counters will be getting higher n higher bcoz 5G n technology is the trend for now n future.