My watch list :Mqtech

Symbol & Code : MQTECH (0070) Board : MESDAQ

Company Profile: MQ Technology Bhd
Ticker: MQTECH
Exchanges: KUL
2006 Sales: 56,127,000
Major Industry: CONSTRUCTION
Sub Industry: ENGINEERING & CONTRACTING SERVICES
Country: MALAYSIA
Employees: 712

Business Description:

MQ Technology Bhd. The Group's principal activity is the manufacturing of electronic coil, moulds, tools, dies, jigs and fixtures for use in manufacturing of hard disk drives and manufacturing of precision milling and drilling of metal plates.

Other activities include manufacturing of car spare parts, plastic molds, metal molds and bowling molds, investment holding and provision of management services. Operations are predominantly carried out in Malaysia.

FIniancial Result:

RevenueRM '000---------17,865
Profit/LostRM'000-------1,945
EPS-----------------------1.01

About MQTECH:

Mesdaq-listed MQ Technology Bhd is confident of achieving strong double digit growth, aiming for a 40% to 50% growth in revenue and profits this year, driven by the robust demand from the hard disk drive (HDD) industry.

Executive Chairman, Chatar Singh said the demand is generated from the new HDD applications in consumer electronics products such as plasma and LCD televisions (with built-in hard disks), notebooks and iPods. MQ has consistently register growth in revenue and profit seven years in a row, he added.

As part of its business expansion, the company invested almost RM10million last year in buildings, machinery and equipment, which has doubled its capacity for precision engineering.
In December last year, MQ became the tooling partner to US-based Magnecomp, through an agreement to purchase RM6.5million worth of tooling equipment from the US company.
MQ, which operates through its four subsidiaries, three in Malaysia- QB Technology Sdn Bhd, Microlead Precision Technology Sdn Bhd, Microlead Engineering Sdn Bhd and one in Thailand-MPT Solution Co Ltd, is involved in the design and manufacture of actuator magnetic coils and coil assemblies for the HDD industry as well as precision tooling and engineering services for the HDD and semiconductor industries.

Chatar said QB Technology has a strategic partnership with JCY HDD Technology Group, one of the largest turnkey manufacturers of HDD components in the world.

SHARE HOLDER

1
CHATAR SINGH A/L SANTA SINGH
29,865,100
= 25.97%
2
CHIN TEE KHENG
15,812,600
= 13.75%
3
TAN CHEOW BOON
15,179,600
= 13.20%