MI last June financial account still have trade recievable of 91M... even june till Sep they have ZERO sales.. they will still able to deliver Q financial report perfectly...
hahaha, poor gooshen..... wanna know what they talked ? go learn Chinese laa !!!! wakaka.... btw, why you such bother for this counter since you don't like it ??? sour grape....
Not many companies in Malaysia can perform well in current market, but personal think that Mi is quite potential to get explosive growth over next few years.
Just correct and see if it really can perform next few quarters.
1. In jun19... MI move into their new factory.. worth 100M which give them 4 times more capacity over previous factory.. I don't think their foresight so poor!! totally cannot give them even 25% utilize of their new factory? If like the the CEO should jump off the building.. so useless.. 2. Last month they say they still have 100M cash in hand which need to be utilised for expansion.. they can anytime acquired new company which directly contribute income n profit to the company.. just like what Inari do back in 2013.. I bought Inari at around 30s.. I sold all when reach 3.00...that is my first killing in share market.. walk away with 2m cash profit.. but I did make mistake as If I don't sell..today my Inari share should be valued 7-8M with dividend of RM70-80K per Quarter.. Im confident on MI..the owner who own 70% are not stupid.
He is an artist who know well about painting. Which stocks that have gone through bonus after bonus & doubled even tripled in value didn't experience small manipulation by syndicate? In the end of the day ppl how know the true picture earn double or triple. Ppl who monitor short term paint job earn peanut.
I make my first million cash in INARi before im 35. with the capital of 300k... I turn out 2.3m within 18 months.. if I don't sell.. I shall be retire now.. im 40 now.. so sometime better stick to your own thinking.. believe in it.. of course study n read more...
@Cash Only, wow! any advice on how to hold so long? I mean, how did u choose not to sell when price is doubled? what kind of data/info that we shud refer to?
With all collected data , analysis and extrapolation, i found Mi is likely to overtake Vitrox within next 5 years with anticipated robust growth rate , I wrote a letter to Mi management in September to request for free bonus warrants to shareholders in a ratio of 1 for 4, but disappointedly is that the management had opted for bonus issue at a ratio of 1 for 2 instead, following was my letter to them in September through AR registered mail , the answer returned indicated that the letter had reach them on 13 September 2019..
The Board of directors Mi Technovation Bhd No. 20, Medan Bayan Lepas Technoplex MK 12, Tmn Perindustrian Bayan Lepas, 11900 Pulau Pinang
(Attn : Mr Oh Kuang Eng)
RE: REQUEST FOR ISSUING FREE WARRANTS (5 years duration) AT RATIO 1 FOR 4 TO SHAREHOLDERS
Dear Sir,
Mi (5286), the first ever electronic-based technological stock that was listed straight on the main board in the history of Bursa on 20 June 2018, and our research data has indicated that " A STAR IS RISING ".
On completion of first factory in Bayan Lepas , and pending completion of second factory in Batu Kawan , with the introduction of Robotics and Precision Fabrication Engineering within the group, Mi is expected to grow robustly through possible M&A or organically in next 5 years.
Under the strong and effective leadership with past track records of CEO Mr Oh Kuang Eng, Mi is possibly and likely to be evolved into an entity that is equivalent to " Mi (5286) = Vitrox (0097)+ UWC (5292) " within next 5 years.
Therefore , it is strategically perfect at this very right timing (start heading towards growth with robust growing rate ) for management to reward existing loyal staffs (who are also shareholders ) and pioneer shareholders by issuing free warrants ( 5 years duration is needed ,in order to provide them sufficient time for wealth accumulation without any upfront funding required) to them ,and in order to avoid causing possible heavy dilution on institutional shareholdings (many of them need to dispose off on receiving it due to available restrictions stated in their fund deeds) , issuing at a ratio of 1 for 4 is ideal, as all parties' benefits are being taken care of accordingly 。
Lastly, looking forward to hear from you soon.
Thank you in advance
Yours Sincerely
Ir Tew Chin Yan (Shareholder of Mi Technovation Bhd)
I am a chartered Electronic Engineer , had been working in semiconductor factory in early 80s...I know well what is wafer, pallet or dies ...The terms used in semiconductor industry..Therefore I know what is Vitrox, Mi, Aemulus and Penta are doing... During early 80s, all electronic test , inspection equipments were produced by Japanese, European and Americans only...Now Malaysians are producing them...
IR cytew. Does MI have to constantly upgrading it's packaging & testing machines when new generation of chips come to market? How about burn in test machine? Any upgrading needed? Thanks in advance.
Monetary, at wafer level, all pallets or dies are mostly in rectangular shapes...Up grading should be on sorting speed, during early 80s , pallet or dies sorting was done manually by human operator under magnifying glass
Warrant first (this year) , next year only issue bonus mother share, like what had happened in Revenue , shareholders get 2 times free warrants within 2 years....As Revenue management had adopted my suggestions to them...Now it becomes best performed Bursa IPO counter in recent years...
Last time most burnt in oven was using logic controller to monitor its temperature and time, currently they are using computer to do the job, beside monitoring , at the same time they collect data as on device failures during burnt in reliability tests...Kesm is providing this type of burnt in services..
Thanks for the reply IR crew. I thought packaging & ate machines need upgrading whenever faster & smaller chip is released to market. From your statement sounds like upgrading is to improve productivity instead of catching up with new technology.
Kesm alrdy has many burn is n test machibes under utilised. Since upgrading of burn in test machine is unnecessary do u think burn in machine producers will have stagnant growth?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jing Yong Lim
223 posts
Posted by Jing Yong Lim > 2019-10-30 10:20 | Report Abuse
每个人都是从新手开始的,想当初你是新手时有人骂你幼稚吗?
啊哈哈哈哈哈哈
看来你还是不明白为什么我会鸟那wukong够够力。也懒得跟你争辩