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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
shareholders’ value in a sustainable
manner. As we march forward into
2017, Frontken remains cautiously
optimistic that its performance for its
2017 financial year will be satisfactory.
Acknowledgement
As a Group, we would like to take
this opportunity to thank our Board of
Directors for their invaluable counsel
and dedication in exercising their
fiduciary duties. We would also like
to thank our senior management
team and all employees for staying
committed to our Group and delivering
a record breaking performance in
FYE2016. Kudos and congratulations!
We would also like to thank our
customers,
suppliers,
business
associates, as well as policymakers,
regulators, and relevant government
authorities for their assistance and
cooperation.
Last but not least, a big
‘Terima Kasih’
to our loyal shareholders for your
continued trust and confidence in
Frontken Corporation Berhad.
NG WAI PIN
Chairman / Managing Director
The oil and gas industry is also
expected to make a gradual recovery
in 2017 as price strengthens and
oversupply eases. The semiconductor
sector is also predicted to sustain its
uptrend, buoyed by demand from the
telecommunications, automotive and
IoT industries.
In view of this operating landscape,
Frontken aims to sustain its strong
performance in Malaysia, Taiwan and
the Philippines, especially in relation
to its semiconductor operations. In
addition to maintaining its current
client portfolio, the Group intends to
win more clients by leveraging on its
delivery track record and expertise.
In Singapore, Frontken expects
operating conditions to remain
challenging. Nevertheless, a recovery
in the oil and gas industry may be able
to affect a sustainable turnaround for
our business operations in the Island-
state. In Indonesia, we remain confident
of a turnaround in the foreseeable
future in view of the API certification
obtained in December 2016.
From a ‘Big Picture’ perspective, the
Asia Pacific region, especially ASEAN
countries, are expected to maintain
robust growth. The Group’s foothold
in key economies within ASEAN as
well as in Taiwan puts us in a unique
position to tap into a dynamic and
vibrant marketplace. As the ASEAN
Economic Community (“AEC”) gains
momentum, we also foresee the rapid
growth of ASEAN to ASEAN business
activities and this will augur well for the
Group in the long term.
All in all, the Board of Directors of
Frontken, its Senior Management
Team as well as our multinational team
of employees are committed towards
working cohesively to ensure that the
Group continues to deliver enhanced
Chairman’s
Message
(cont’d)