Prospects We expect the growth trend in electronics manufacturing industry in South East Asia to continue given in view of the existing trade diversion from China to South East Asia. We also believe that upgrading enhancing of our service offerings and continued investments in our operations will enable us to benefit from the current positive outlook of the electronics manufacturing industry in Southeast Asia, particularly Malaysia, Vietnam and Thailand. Notwithstanding the above, our Group remains cautious in the near term and will continue to closely monitor the business environment in view of given the uncertainties plaguing the global economy. The global economic recovery is progressing at a slow and uneven pace, marked by enduring effects of the inflationary pressure, geopolitical tensions, and geoeconomic fragmentation. This is indicated by the decrease in orders from the Group’s customers and the postponement of deliveries by customers. The Group is expanding its business to include smart warehousing solutions, and it is expected to launch in year 2024. The Group remains focused to expand its business and market presence in Malaysia (save for Johor and Melaka), Thailand and Vietnam. Such efforts to support the expansion plans include the construction of a new integrated plant located at Plot 31, Penang Science Park North, and the new plant is expected to be operational by 2nd quarter 2025. As of 31 December 2023, our Group has secured purchase orders totalling RM21.31 million for our integrated solutions and sale of individual machinery, equipment and tools, which are expected to be fulfilled by year 2024.
It is true that the local governments in China is over-leveraged. The central government will have to deleverage its local governments and I'm sure they will do it in a controlled manner.
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....
troy88
3,013 posts
Posted by troy88 > 2023-11-30 09:54 | Report Abuse
Another one hit wonder company going down..