KUALA LUMPUR: Shares in KESM Industries Bhd rose to its highest in seven weeks after reporting stronger earnings within the first quarter ended Oct 31.
The burn-in tester for semiconductors rose 7.32%, or 88 sen to RM12.90 at 9.11am, its highest since Sept 28. It’s at present the highest gainer on Bursa Malaysia.
KESM’s internet revenue surged to RM7.51mil within the first quarter ended Oct 31 from RM764,000 in the identical interval a yr in the past.
Income for the quarter rose 12.2% to RM68.58mil towards RM61.11mil a yr prior as a consequence of larger gross sales for burn-in and testing companies, however decrease orders
for digital manufacturing companies.
KESM stated worldwide semiconductor income is projected to develop by 26.9% to US$591.4bil in 2021, from the anticipated continued development in shopper, computing, 5G, and automotive semiconductors, coupled with larger pricing related to the provision chain disruption. It’s predicted to develop additional
exceeding US$600 billion in 2022.
Main economies are starting to re-open together with Malaysia while the Delta variant has emerged in components of Europe and China, in the beginning of the winter season.
“Amidst the hope for a faster easing of the Covid-19 restrictions and re-opening of borders, the group stays targeted on enhancing deliveries of supplies and gear, in addition to stepping up efforts to fulfilling backlogs of our clients,” KESM stated.