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MTQ: Interesting Insights into its business for investors
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Written by Leong Chan Teik
Sunday, 15 August 2010 03:20

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Kuah Boon Wee, CEO of MTQ, with NextInsight readers on Saturday morning (Aug 14). Photos: Leong Chan Teik


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MTQ's Kuah on the workings of a Blowout Preventer
AN AIRLINE captain came. So did several professionals from the financial community, including the MD of a private investment firm.

Then there was a retiree who has held MTQ Corporation shares since its IPO in 1988 (which is some 22 years ago).

For him and all of the rest, it was their first time visiting MTQ, which is sited in Pandan Loop.

Last Saturday (Aug 14), the company hosted 15 investors (who signed up after reading of an open invitation issued through this website) to an informal meeting with its CEO and other members of the senior management, as part of its investor relations efforts.

The CEO, Kuah Boon Wee, gave a presentation on the business of the company.

Highlights included:

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Peter Lock, MD of the Oilfield Engineering Division, explaining the maintenance of Blowout Preventers.
* What blowout preventers (BOP) are: These devices, part of BP’s oil drilling infrastructure in the Gulf of Mexico, failed in one of the worst oil spills in history recently.

* MTQ's business of servicing BOPs in the region for customers such as OEMs (Cooper Cameron and Varco- Shaffer). MTQ business is unique among SGX-listed companies.

* Higher business prospects for MTQ as owners step up the maintenance frequency of BOPs after the BP fiasco and seek the services of OEM-authorised centres such as MTQ.

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Mr Kuah with investors at tour of MTQ's facility. MTQ's business is unique among SGX-listed companies.

* The history of MTQ’s engine systems business in Australia, its prospects and what it takes to increase the profitability of the infrastructure that has been established.

Participants engaged the CEO, his MD (Oilfield Engineering Division) Peter Lock, and Group Financial Controller William Fong in a lively and broad-ranging discussion.

The visitors then toured the MTQ plant
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Lunch courtesy of MTQ - and more discussion on business.
 and saw BOPs for the first time in their lives. This was followed by lunch, courtesy of MTQ, where the Q&A resumed.


The NextInsight invite to the Saturday event was published here.

Recent story: MTQ's AGM: Gleaning insights into its prospects


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