KESM Industries sees 2018 another good year

KUALA LUMPUR: Semiconductor burn-in and test specialist KESM Industries Bhd (KESM), which surpassed its RM300 million sales target last year, aims to maintain the sales momentum for its financial year ending July 31, 2018 (FY18).

For FY17, the group's sales improved 18% year-on-year to RM338 million, as a result of higher demand for burn-in and test services.

"We have exceeded our sales target last year, and if you look at the track record that we have, we will try to keep up with that rate," its executive chairman and CEO Sam Lim told reporters after the group's AGM and EGM today.

KESM achieved sales of RM285 million in FY16 and RM263 million in FY15.

At the noon break, the stock, which has been on an uptrend since last August, fell 30 sen or 1.41% to RM21 with 11,300 shares changing hands. It has climbed more than 50% in the past five months.