KUALA LUMPUR: Stratus Global Holdings Bhd expects to double its order book within the next 12 months, driven by strong demand from existing and new semiconductor customers, following its listing on the Main Market of Bursa Malaysia today.
Stratus Global is a Penang-based factory automation solutions provider specialising in cleanroom automated material handling system (AMHS) solutions for the semiconductor industry.
Executive director and chief executive officer Ryo Narisawa said the company had already weathered a slower period and was now seeing active engagement with customers, underpinning confidence in stronger earnings growth.
"Within 12 months, we are going to boost our order book by a factor of at least two, maybe even four times.
"So we can expect our revenue to expand during the next fiscal year, if not this fiscal year,” he said during the company’s virtual post-listing press conference today.
At the opening gong, Stratus Global made its debut on the Main Market of Bursa Malaysia at RM1.96, a premium of RM1.16 over its initial public offering (IPO) price of 80 sen, with 29.18 million shares traded.
Commenting on the opening price, Narisawa described the market debut as better than expected, adding that this was only the beginning of the company’s growth journey.
He added that the IPO has provided Stratus Global with a stronger financial base to accelerate its expansion plans amid the rapid growth of the semiconductor industry.
He said the company sees significant opportunities among second-tier and mid-sized semiconductor manufacturers, particularly 200-millimetre wafer fabrication plants, as many larger industry players remain focused on serving first-tier customers.
"This financial strength given by the IPO will boost our position even further to capture more customers and more opportunities. I think that this will accelerate our growth and expansion,” he said.
As for its manufacturing expansion, Narisawa said the company expects its new production facility, located adjacent to its existing campus in Penang, to be completed by early 2028.
He said demolition of the existing building is expected to begin early next year, while utilisation of a second property is expected to commence by July next year to support near-term capacity requirements.
He said the expansion will increase the company’s manufacturing space to between 170,000 square feet and 200,000 square feet from the current 117,000 square feet,
The new facility and the planned introduction of a second production shift are expected to raise overall manufacturing capacity by about five times, he added. - Bernama
