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The Thai Government is stepping up cooperation with European partners to develop the semiconductor industry, photonics technology, and other high-tech sectors as part of efforts to create new economic growth drivers. According to Thai Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation Yotchanan Wongsawat, a Thai delegation visited the Netherlands and Belgium from June 13–20 to explore opportunities for cooperation in the semiconductor sector with leading universities, research institutes, and technology organisations.
During the visit, the delegation paid a fact-finding tour to three of the Netherlands’ leading technology universities – Eindhoven University of Technology, University of Twente, and Delft University of Technology. These institutions are recognised for their strengths in semiconductor research, deep technology (Deep Tech), and innovation. Yotchanan said discussions with international partners helped Thailand identify two promising areas for future development: photonic chip technology and advanced chip packaging.
In Belgium, the delegation met with IMEC, one of the world's leading semiconductor research and development centres, to discuss research cooperation and technology transfer. The delegation also visited Bio Base Europe Pilot Plant to learn about biotechnology applications supporting the development of a circular economy.
In addition to scientific and technological cooperation, Thai officials held policy discussions with the Dutch Minister of Education, Culture and Science and the European Union Commissioner responsible for start-ups and innovation, focusing on strengthening innovation ecosystem connectivity, attracting European technology companies to invest in Thailand, and exploring opportunities for Thailand’s participation in the EU’s research and innovation programme, Horizon Europe.
According to Thailand’s Ministry of Higher Education, Science, Research and Innovation, the country is also developing mechanisms to connect Thai scientists, experts, and students living in Europe in an effort to attract highly skilled talent to support the development of strategic technology industries at home./.
Cnergen is also in discussions with two new customers from Belgium and the US remain ongoing, mainly related to semiconductor and electronics equipment.
the only thing that will dampen the sentiment of cnergen is the growing risk of regional tech sector correction. Manage it well and it can be volatile due to the liquidity. for now, 3 mil shares dbt at 0.50 is a good baseline for support :) Current Cnergen trends is best described by the lyrics of Golden by Huntr/X while the regional tech sector correction is best described by the lyrics of Down by Jay Sean :) Lol, no pun intended.
paiseh cheng... need to leave your troop early cux gotta go mia for a few weeks... once I'm fully recharged.... will come back strongerrrr..hehe.. gambateh to you, hope the price dont go down like jay sean's but keep pushing up like benny benassi's famous club hit altho a bit old.. lol
she earned a decent gain, adama. should be more than 20% :) nevertheless, bumpy roads ahead for regional tech stocks sentiment. no harm locking in profits as Cnergen's new factory will be completed by next year.
Lol, Adama. US tech sector's correction is picking up momentum. You have time at night as the sector has yet to reach sensible valuation for re-entry :)
Probably not actual recession but regional tech stocks have to undergo corrections due to overvaluation. I would think tech index will have to correct at least by 20% :) avoid overvalued stocks with no growth prospects. Rebalance profitable positions to adjust your avg lower if you intend to keep the stock to ride it's growth. Can add back once 20% correction to tech index arrives :)
while malaysia market is illiquid, it is also an opportunity to hold on to good stocks. it can swing high irrationally :) just need to have lots of patience. recession / low cycle / temporary disruptions is an opportunity to get on board :)
lets see whether the growth in optical/photonics industry will increase cnergen's orderbook further; driving new smt machines/integration and ict machines.
OK. Q1 report showing orderbook at 82mil as of Mar and I am hoping Cnergenz will secure more orders in Q2. The growth in optical/silicon photonics should drive new smt/integration machines accordingly. ICT and x-ray inspection capabilities are the two features needed as part of the testing/inspection of silicon photonics process. Aging SMT machines should be replaced too to cope up with the packaging technology.
it was triggered by Adama and I just saw the news yesterday night, t&s. What is important now is to see how much is the integration line orderbook. FY25 was practically 0 and it was slightly more than 20mil as of Mar'26. At 190mil orderbook, I am assuming the integration line orderbook should at least doubled up too bringing it to ~45mil/higher. This segment is important as it has higher margin compared to the standalone SMT machine.
we just have to manage our own positions well and hopefully the weakened regional chip stocks sentiment due to overvaluations will provide opportunity to accumulate at lower price.
extracted from the recent AGM minutes - (1) Xlent Innovator Sdn. Bhd. (“Xlent Innovator”), received a Supplier Recognition Award from key client, Teradyne, Inc. This is coming from automated inline tester for AI data centres developed in collaboration with Teradyne :) The system had already been deployed in the United States and Taiwan, with encouraging demand from leading AI chip manufacturers. (2) the Group’s key initiatives and developments during FY2025: focus on advanced test solutions, alongside progress in smart automation, smart warehousing, smart factory solutions, and in-house software integration, all of which strengthen the Group’s manufacturing ecosystem. (3) On the hardware side, the Group continued to advance SMT production in collaboration with partners such as ASMPT SMT Solutions, ITW EAE, ASM Assembly Systems (DEK), and Asscon. In addition, the Group expanded into the advanced test equipment segment through partnerships with leading brands such as Koh Young, Techvalley, Teradyne and Seica, positioning itself as a comprehensive solutions provider rather than merely an equipment supplier.
that will be limit up liao, adama. But it all depends on how much is the SMT integration line orderbook and Teradyne's inline tester demand as of Jun'26. FY26 net profit potentially near to FY23 performance
Yeah, the smt integration line segment has a gross margin of slightly more than 20%. A 45mil orderbook ~ 9mil gross profit :) not sure how much is the total orderbook though.
valuation does not matter until it matters most, t&s :) orderbook increased to 190mil as of May'26, new factory will be completed next year, advanced packaging/silicon photonics driving the needs for new SMT/inline tester and recent DBT at 0.50 can be used as a good baseline for opportunity to add on if available :) well, we probably need to be cautious if p/b for cnergenz is at 4.0 or higher. Until then, just chillax and manage it one qtr at a time and ride the growth in orderbook.
looking forward to the orderbook details especially the smt integration line and Teradyne's inline tester; the former is high margin segment and the latter is inorganic growth
I did not go into the details of MI and Vitrox's reports but I am assuming the equipment sales should be good. Cnergen specialises in SMT/PCB industry and should be enjoying robust sales too.