FoundPac expects strong growth

Chairman of Foundpac Group Berhad Tan Cheik Eaik (second,left) looking at the Share Price Information Dissemination screen after the Listing Ceremony of with Foundpac on Bursa Malaysia on Dec 29 2016. - Bernama filepic

GEORGE TOWN: Foundpac Group Bhd expects its first-half performance for the financial year ending June 30,2020 (FY20) to improve by a double-digit percentage over that of the same period a year ago, driven by the implementation of 5G infrastructure and transmission towers.

Group chief executive officer Ong Choon Heng told StarBiz that for the first half of FY20, more than RM25mil worth of test sockets, stiffeners and laser stencils would be shipped to semiconductor test equipment customers in the United States, Europe and China, compared to about RM21mil achieved in the corresponding period of the preceding year.