InnoTek

[kelvesy]

Interesting to know InnoTek's largest shareholder is Chandaria Trust I who owns Advantec Holding SA and Metchem Engineering SA.

- Aims to improve cost efficiency, asset utilisation, production innovation, staff skills, increase automation via technology utilisation, and customer engagement (quality products and timely delivery)
- Fine-tune operations to sustain this momentum, and explore new geographical markets to expand our business.

Mr Lou is really InnoTek's white angel. Anyone attended AGM, can share more on any insights?

I was there for the AGM. Spent a lot of time with Mr. Lou and the other directors.

Innotek is in very capable hands. Mr. Lou is a silent performer. You will not imagine the turnaround he is executing when you meet up with him. Very humble and would rather prefer the company's results to speak for themselves.

There are challenges with some of their clients moving manufacturing operations from China to Thailand. However Innotek is also moving with them to make sure that the decades long partnership they have sustains. That may lead to some short term pain with capex going up but I feel confident that these investments in maintaining client relationships will pay off in the long run!

I eagerly await the HY results in August...

 Hi sgmystique,

Thanks for your prompt reply. In my years of observing management, I prefer management who under-promise but over-deliver. It is much better that way. Focus on creating the results and let the results speak for itself. Results speak the loudest and silence your critics. Yes, I believe you're talking about moving to Thailand together with their client. It is about restoring trust and confidence. The previous management was a let-up and neglected this aspect of the business. 

Are there any interesting things that Mr Lou shared? I like his annual report where he was frank about the realities of InnoTek's business. Not loud or exaggerating or puffing up the business.