This post has been edited by kimboon: Sep 27 2016, 02:19 PM

Business News
Monday, 8 February 2016

New venture boost for MQ Technologies
Medical equipment ops to lift it back to the black this year

GEORGE TOWN: MQ Technologies Bhd is targeting to return to the black this year with its new venture into the medical equipment business.

Group executive director Teh Eng Huat told StarBiz that the group was targeting to produce high value precision components with a market value of about US$5mil to a multi-national medical equipment manufacturer in the country this year.

“We have already received the orders from the customer,” he said.

Teh said the group was now constructing a new extension at its existing premise located on a 1.8-acre site in Bayan Lepas.

“Once the plant is operational in 2017, we expect the medical equipment business to generate a yearly turnover of about US$6mil per annum. The investment for the extension and the equipment adds up to more than RM20mil,” Teh added.

The group is now working on issuing 418 million new shares of 10 cents each to raise RM41.8mil by June 2016.

“About 60% of the fund will be used for expanding the medical equipment business and the existing tooling business supporting the electronic and data storage industries,” he said.

Teh said the other 40% would be used for theme park project planned for Malacca.

“The proposed theme park is planned for a 9-acre site in Klebang, Malacca.

“We are currently constructing a pop-up market using 40-footer containers and a concert hall equipped with water-laser display technology at the site.

“Both the concert hall and pop-up market would be ready by August 2016, while the theme park by 2017,” he said.

Teh said the theme-park business in Malacca was expected to generate about 40% of the group in the future, while the medical equipment and data storage segment the remaining 60%,” he said.

According to a report from Euromonitor International released in February, the global medical device production value will record strong growth of almost 6% in 2016, to reach US$315bil.

“However, winning market share in the traditional markets (Western Europe, and the United States) will remain difficult due to growing regulatory scrutiny and pricing pressures.

“Operating in and exporting to emerging markets of Latin America and Eastern Europe will also be challenging due to decelerating growth of these regions’ healthcare industries.

“However, although the Asia-Pacific medical device market has proven to be hard to access, the region may provide medical device producers the opportunities to grow and gain new markets over 2016,” the report added.

quite quiet...should be good to go in

DEALINGS OUTSIDE CLOSED PERIOD
Name: Teh Eng Huat
Date of Change :13 September 2016
Number of Ordinary Shares : 7,740,000
% of Issued Shares : 5.549

This post has been edited by yenboy: Sep 29 2016, 01:51 AM

Name :GOH YANG ENG
Nationality : Malaysia

Details of Changes
Date of Notice : 15/09/2016

No. Date Transaction Type No of Shares
1. 13/09/2016 Others 15,750,000

Nature of Interest
No of Shares Held After Changes:
Direct : 15,750,000 shares (11.2910%)
Total : 15,750,000 shares

Global semiconductor sales up 0.5% y-o-y in August to US$28b, says SIA

Oct 4: Global semiconcuctor sales rose 0.5% year-on-year to US$28 billion in August this year from US$27.9 billion, according to the U.S. based Semiconductor Industry Association (SIA).

In a statement on its website yesterday, the SIA said sales in August rose 3.5% month-on-month from US$27.1 billion in July.

SIA said the August sales marked the market’s largest month-to-month growth since May 2013 and its first year-to-year growth since June 2015.

It said all monthly sales were compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represented a three-month moving average.

SIA president and CEO John Neuffer said following months of sluggish global semiconductor sales, the global market recently has shown signs of a rebound, punctuated by solid growth in August.

“The Americas market was particularly encouraging, topping 6% month-to-month growth for the first time in nearly three years to lead all regional markets.

“China also stood out, posting by far the strongest year-to-year growth of all regions in August. All told, global sales are still behind last year’s pace, but appear to be on the right track as 2017 draws closer,” he said.

Manwhile, the SIA said month-to-month sales increased across all regions: the Americas (6.3%), Japan (4.8%), China (3.1%), Asia Pacific/All Other (2.7%), and Europe (0.7%).

Global semiconductor bertambah baik...