MI TECHNOVATION BERHAD

KLSE (MYR): MI (5286)

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Last Price

2.28

Today's Change

+0.15 (7.04%)

Day's Change

2.18 - 2.31

Trading Volume

2,215,100


9 people like this.

6,927 comment(s). Last comment by pang72 15 hours ago

frank74

413 posts

Posted by frank74 > 2019-11-21 09:44 | Report Abuse

now trying to catch somemore...woohoo ! 2.7% down, call it as "big drop"...don't know which world these bozos come from

Posted by Wudishijimo > 2019-11-21 09:53 | Report Abuse

Wukong,老实说,你现在已经没阴茎了吧?2.6的时候就切掉了?我们文明人不会大力嘲笑你的可以放心

Hwai Hooi

2,249 posts

Posted by Hwai Hooi > 2019-11-21 10:13 | Report Abuse

just now who dump? someone give wash out

Hwai Hooi

2,249 posts

Posted by Hwai Hooi > 2019-11-21 10:25 | Report Abuse

热门股:正齐科技上挑RM2.82

frank74

413 posts

Posted by frank74 > 2019-11-21 10:25 | Report Abuse

After Wukong...

1) are you wukong that has changed to a butterfly? or
2) are you going after wukong for his stupidity? or
3) are you goo goo doll?

Hwai Hooi

2,249 posts

Posted by Hwai Hooi > 2019-11-21 10:25 | Report Abuse

Trading Call: Buy on continuation above RM2.50

Target: RM2.70, RM2.76 (time frame: 3-6 weeks)

bc8660

253 posts

Posted by bc8660 > 2019-11-21 12:05 | Report Abuse

Q3 results will be announced today?

bsngpg

2,842 posts

Posted by bsngpg > 2019-11-21 13:03 | Report Abuse

Bonus 1:2 will be X on 4Dec19. Current price is 2.55, if factoring in bonus dilution of having more shares, price would become 2.55x2/3=1.70.

bsngpg

2,842 posts

Posted by bsngpg > 2019-11-21 13:47 | Report Abuse

Wudishijimo manifested my message.

Posted by Wudishijimo > 2019-11-21 14:33 | Report Abuse

分股后股价调整就等于亏钱了?????所以你是白痴还是新手???

Posted by Wudishijimo > 2019-11-21 14:43 | Report Abuse

所以那个低能儿发现自己的白痴删除留言了?

Hwai Hooi

2,249 posts

Posted by Hwai Hooi > 2019-11-21 15:34 | Report Abuse

today anywhere also dump non stop like..... not mi problem

kingb

519 posts

Posted by kingb > 2019-11-21 17:13 | Report Abuse

We have the boom result.

lambsauce

332 posts

Posted by lambsauce > 2019-11-21 17:21 | Report Abuse

gap up tmr

cat lim

1,284 posts

Posted by cat lim > 2019-11-21 17:37 | Report Abuse

good news, kukushen will disappear tomorrow

Posted by perseushermes > 2019-11-21 17:38 | Report Abuse

Now we are seeing the real shareholders coming out

Fooksing Wong

1,138 posts

Posted by Fooksing Wong > 2019-11-21 17:41 | Report Abuse

i dunno how to see report. so i silent. dunno good or bad

Hwai Hooi

2,249 posts

Posted by Hwai Hooi > 2019-11-21 17:48 | Report Abuse

wow congratulations those holding

Aries

659 posts

Posted by Aries > 2019-11-21 17:52 | Report Abuse

Good.

bsngpg

2,842 posts

Posted by bsngpg > 2019-11-21 17:54 | Report Abuse

Congratulation to all. Looking forward for the second up wave

monetary

4,447 posts

Posted by monetary > 2019-11-21 18:05 | Report Abuse

who listened to rumour bad qr cut win really am tui lot... lol!

kingb

519 posts

Posted by kingb > 2019-11-21 18:06 | Report Abuse

Just entered two days ago with paper loss.

bsngpg

2,842 posts

Posted by bsngpg > 2019-11-21 18:13 | Report Abuse

Welcome and do not worry, my entry price is about same with you as I am just making few % return so far.

cytew

1,601 posts

Posted by cytew > 2019-11-21 18:20 | Report Abuse

TP 3.0 by year end is intact

Posted by perseushermes > 2019-11-21 18:45 | Report Abuse

FookSing : Quarter results better than last year Q3. Full 9 months also good. So up la
King & bsn : next two weeks shud be good before ex

loonginv

852 posts

Posted by loonginv > 2019-11-21 18:46 | Report Abuse

congrats to all mi sh

ivanlau

1,362 posts

Posted by ivanlau > 2019-11-21 19:57 | Report Abuse

tomolo will gap up to 2.72

pputeh

698 posts

Posted by pputeh > 2019-11-21 20:18 | Report Abuse

Mi TECHNOVATION BERHAD
(FORMERLY KNOWN AS MI EQUIPMENT HOLDINGS BERHAD)
(Company No. 201701021661(1235827–D))
(Incorporated in Malaysia)
INTERIM REPORT FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2019
11 | Page
PART B: EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS (cont’d)
B3. Prospects for the Financial Year Ending 31 December 2019
Activities have improved in second half of 2019, led by new players and products in the
advanced packaging segment such as wafer level packaging (“WLP”). Although it is widely
reported that the semiconductor industry in general is experiencing slowdown in 2019, but
capital investment from certain OSATsin the advanced /WLP segment isstill growing, and this
augurs well for us. Our order visibility is currently around 2 months, which is considered
healthy.
We will see momentum increase when 5G is being rolled‐out and this will be the game
changer which requires new assembly and packaging processes, leading to better prospects
for semiconductor equipment makers. Ultimately, higher performance gadgets will require
more advanced technology and higher density of semiconductor content, which is supported
by advanced level packaging equipment manufacturers such as Mi Equipment.
For our semiconductor division under Mi Equipment, we are also continuously adding new
clients and introducing our new series to existing clients. We have doubled the production
output as compared to last year in our new Bayan Lepas plant. With Mi Autobotics, we can
now widen our client base to other sectors such as manufacturing which requires Industrial
4.0 enabled automation or roboticssolutions. These solutions will be much needed in regions
where skilled labour is scarce or demands higher wages. Furthermore, Mi Components will
produce products targeting the consumer market directly, further broadening our customer
base beyond the semiconductor industry.

Fooksing Wong

1,138 posts

Posted by Fooksing Wong > 2019-11-21 20:38 | Report Abuse

Wow... congratulations all bro n sis. And congratulations to my self too... haha

value88

709 posts

Posted by value88 > 2019-11-21 20:56 | Report Abuse

Good quarterly result !
Two good quarters back-to-back is enough to push Mi's stock price to cross RM3 per share again before the next quarterly announcement.
Management hinted that Q4 FY19 will still be a good quarter since the order from OSAT players in advanced/wafer packaging segment remains strong.
As for next year 2020, Mi's prospect is even brighter with the roll-out of 5G gaining momentum.
Mi also has automation and robotic segment (just like Penta) and it is ready to service companies going for Industrial 4.0.

All stars are aligned for Mi. I see it as "future Vitrox", and I plan to hold it long-term to see it realises its full potential.

cytew

1,601 posts

Posted by cytew > 2019-11-21 21:24 | Report Abuse

Value88, below was my letter to board of directors in September


Date : 1 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)
02/11/2019 1:10 PM

kalteh

99 posts

Posted by kalteh > 2019-11-21 21:48 | Report Abuse

I dont understand, why fund will be forced to dispose upon receiving the bonus issue? “based on their trust deed”??

cytew

1,601 posts

Posted by cytew > 2019-11-21 22:01 | Report Abuse

Kalteh, is bonus warrant , because warrant is a financial derivative ,and it is considered as high risk financial product, funds like EPF and KWAP, their trust deed has prohibited them to invest in this type of high risk products..

witan

774 posts

Posted by witan > 2019-11-21 22:19 | Report Abuse

QR result as expected. No surprises here. At current price the share is fair valued

kalteh

99 posts

Posted by kalteh > 2019-11-21 22:27 | Report Abuse

cytew,
Oh, okay now i get it. Thanks

ccy123

279 posts

Posted by ccy123 > 2019-11-21 22:29 | Report Abuse

Q3 very positive result.

Cash Only

665 posts

Posted by Cash Only > 2019-11-22 07:07 | Report Abuse

Profit hit all time high … Trade receievable still remain 87M .. still very strong

monetary

4,447 posts

Posted by monetary > 2019-11-22 08:19 | Report Abuse

today RHB will b v busy regulating share price bcoz many ppl panic buy. It's a good opportunity to buy bcoz after CD ex price will rocket up.

monetary

4,447 posts

Posted by monetary > 2019-11-22 08:23 | Report Abuse

wukong. last call

Posted by Wudishijimo > 2019-11-22 08:27 | Report Abuse

Nah ignore that idiot, he been keep calling Mi as scam because of his stupidity, thought split share -> price adjust -> immediate loss for shareholder.

GooShen

5,400 posts

Posted by GooShen > 2019-11-22 08:33 | Report Abuse

Avoid chasing high. Quarter result is flat, no surprise. Price pushed up from 1.6 to 2.6 already price in. Big croc busy disposing, you buy you cut loss. Trade war going to escalate, US will impose higher tariff.

Don’t touch and sell to lock your profits.

frank74

413 posts

Posted by frank74 > 2019-11-22 08:50 | Report Abuse

So says the “short term gambler” HRW goo goo doll. Priced in it seems, like damn professional. Before this talking like the world going to end. Save it la.

Jengacam

356 posts

Posted by Jengacam > 2019-11-22 09:00 | Report Abuse

Fuk u gooshen said drop. I sold all d

cat lim

1,284 posts

Posted by cat lim > 2019-11-22 09:03 | Report Abuse

GooShen Avoid chasing high. Quarter result is flat, no surprise. Price pushed up from 1.6 to 2.6 already price in. Big croc busy disposing, you buy you cut loss. Trade war going to escalate, US will impose higher tariff.

Don’t touch and sell to lock your profits.
-------------------------------
go eat shit lar you ccb kukushen

GooShen

5,400 posts

Posted by GooShen > 2019-11-22 09:09 | Report Abuse

Big croc gap up for you to sell at so high price you also don’t jump on it. you regret later

GooShen

5,400 posts

Posted by GooShen > 2019-11-22 09:12 | Report Abuse

Drop form 2.65 to 2.59 now.

Posted by Wudishijimo > 2019-11-22 09:34 | Report Abuse

Trash goo, did u forgot to mention DJI CRASHED DOWN FROM HIGH again today?

loonginv

852 posts

Posted by loonginv > 2019-11-22 13:11 | Report Abuse

gooshen sour grape, ppl earn money he not happy....kikiki....

Jengacam

356 posts

Posted by Jengacam > 2019-11-22 13:17 | Report Abuse

My TP hit. Soon 2nd TP.

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