A quick look at Unisem (29.4.2010)

Unisem (M) Berhad Company

Business Description:

Unisem (M) Berhad. The Group's principal activities are manufacturing and selling semiconductor devices and other related services which includes principally packaging and test services . The Group operates in Malaysia, the United Kingdom, the People's Republic of China, Indonesia and United States of America.

Wright Quality Rating: CBC9 Rating Explanations

Announcement Date		Date of Change		Shrs Acquired/ (Disposed)		Director/Substantial Shareholder	Shrs Held After Change
20-Apr-10		16-Apr-10		370,000		John Chia Sin Tet	165,972,700
14-Apr-10		13-Apr-10		1,430,000		John Chia Sin Tet	165,602,700
29-Mar-10		25-Mar-10		(1,000,000)		John Chia Sin Tet	164,172,700
29-Mar-10		25-Mar-10		(1,000,000)		Yen Woon @ Low Sau Chee	135,420,000
25-Mar-10		24-Mar-10		(1,000,000)		John Chia Sin Tet	165,172,700
25-Mar-10		24-Mar-10		(1,000,000)		Yen Woon @ Low Sau Chee	136,420,000
09-Mar-10		05-Mar-10		(1,000,000)		Lembaga Tabung Haji	28,121,500

A quick look at Unisem (29.4.2010)
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Unisem looks to better performance this year

By V. Sivaji
22.3.2010

Unisem (M) Bhd, the country's leading semiconductor packaging and test services company, expects revenue to grow 44 per cent this year, bringing performance back to pre-crisis levels, as demand for semiconductor equipment recovers.

It is targeting RM1.5 billion revenue for this year. In the financial year ended December 31 2009, revenue declined 16 per cent to RM1.04 billion from RM1.23 billion previously.

However, its net profit surged more than threefold to RM61.8 million last year compared with RM19.8 million in 2008.

Unisem chairman and managing director John Chia anticipates the Asia-Pacific region to be the biggest market for the semiconductor industry, with Western economies and India lending strong support.

"Big corporations, which held back spending on upgrading of their computer systems last year, will start spending this year," Chia said when met at Unisem's Employees' Service Award 2008/09 ceremony in Ipoh.
The company expects half of its revenue to come from its factory in Ipoh, with the rest contributed by facilities in Chengdu (China), Batam (Indonesia), Wales (the UK) and Sunnyvale (California).

The Ipoh plant is currently operating at maximum capacity, with a workforce of over 4,400.

"We intend to employ another 300 to 400 workers to sustain our production needs and meet maximum capacity. What a difference a year has made as 2009 was a difficult year during which stringent cost-control measures were placed. But we managed to get through the rough patch," Chia said.

"Throughout 2009 we did not retrench any of our employees, but took prudent measures to control our costs and overheads."

Chia is confident that all of Unisem's plants will see positive growth this year, projecting its Ipoh plant to lead the way with 40-50 per cent growth.

"Even though 2009 was sluggish for many, our plant in Chengdu saw growth of 60 per cent. And, this year, we expect 100 per cent growth coupled with China's economic growth and stimulus packages."

Chia said the workforce in China has increased from 800 to 1,500, while its facility in Batam is expected to see 40-50 per cent increase this year.

Unisem has set up a subsidiary, Unisem Advanced Technologies Sdn Bhd (UAT), to offer "wafer bumping" whereby customers will receive seamless integration of various services, including wafer backgrinding, wafer probe, dicing, final test and flip-chip assembly.

"We are now offering services not offered by our competitors, thus, putting Unisem in a stronger position," said Chia.