Kesm

KESM is involved in the provision of semiconductor burn-in services, assembly of electronic components & testing of semiconductor integrted circuits. KESM's performance reflects the slow growth in the semiconductor sector, with its latest results showing a small drop in both turnover & net profit when compared to the preceding quarter but nevertheless they are much better than the previous year's corresponding quarter.

Kesm’s net profit for the last 4 quarters has increased by 18.9% to RM14.9 mil when compared to the preceding 4 quarters. This was achieved on the back of a 5.7%-increase in turnover to RM176 mil. EPS has also increased by 15.3% to 34.6 sen. Based on yesterday's closing price of RM1.78, Kesm is trading at a PE of 5.1 times.