Kuala Lumpur: Electronics manufacturing services (EMS) provider NationGate Holdings Bhd is about to ride the boom in the networking, telecommunications and automotive sectors given the widespread deployment of 5G networks and high demand for electric vehicles (EVs) .
NationGate Managing Director Ooi Eng Leong believes the accelerating adoption of 5G and the transition to EVs will have a positive impact on the networks, telecommunications and automotive sectors in the long term.
“NationGate provides EMS and technical support to our customers, many of whom are multinationals in high-growth industries such as networking and telecommunications, industrial equipment, data computing, consumer electronics, automotive and semiconductors,” he said. Told.
“Over the past three years, the group has seen an increase in orders from customers in the network and telecommunications, data computing, automotive and semiconductor segments.
“The widespread deployment of 5G networks and high demand for EVs will continue to benefit the network, telecom and automotive sectors in terms of order visibility, prolonging sector upcycling.” he added.
As of November 14th, NationGate has unbilled purchase orders of RM369.5 million and will be invoiced upon delivery in stages over the next 12 months.
In the Group’s latest quarterly announcement, NationGate reported net profit of RM30.1 million and revenue of RM305.2 million for the third quarter ended 30 September 2022 (Q3 2022). I was.
For the cumulative nine months ended 30 September (9MFY22), the Group posted a net profit of RM63.4 million on revenue of RM731.2 million. 9MFY22’s profit surpassed his record net profit of RM59.5 million achieved in fiscal year 2021.
The Group’s revenues for Q3 2022 and Q9 2022 were primarily driven by the network and telecommunications customer segments, accounting for MYR 228 million and MYR 511.5 million respectively, contributing to the growth of quarterly and cumulative revenues. They account for 74.7% and 70.0% respectively.
NationGate made a strong debut on the ACE market in Bursa Malaysia on January 12, with an opening price of 81 sen, a 113.2% premium to its initial public offering (IPO) price of 38 sen, at the opening bell. 65.8 million shares were traded.
Under the listing exercise, NationGate has raised RM165.5 million from its IPO.
435.5 million new shares issued.
Total market capitalization based on 2.1 billion share capital expansion
NationGate’s listing will be RM788.1 million, making it the largest listing on Bursa Securities’ ACE market.
