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