5286 MI MI TECHNOVATION BERHAD Proposed Renewal of Authority for the Company to Purchase Its Own Shares You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
comparing Q1 to Q1 is increased, but the profit is selling the subsidiary. Technology company is seasonal, Q1 normally low revenue, that's why comparing Q1 and Q1
Prospects for the Financial Year Ending 31 December 2020 We have not experienced significant order reductions or deferments and expect the first half of 2020 to remain status quo as most of our customers have not revised their capex budgets. At this juncture, there is little visibility for 2H2020 as our customers are adopting a wait‐and‐ see approach due to numerous variables which are unresolved such as the timing for containment of the pandemic and trade war tensions.
The current contraction is mainly driven by the supply side as the industry has witnessed supply chain disruptions stemming from lockdowns and restrictions. We expect this is to be short term in nature and pent‐up demand will resurface when the situation improves. Although our industry may experience some uncertainties in the medium term for the coming one or two quarters, the long‐term positive outlook has been made clearer by the pandemic.
We believe that the overall growth in demand for chips will still be intact as technology advances. Technology is still at the forefront driving economic growth and investments into 5G, the IoT and high‐performance computing are on‐going. As a result of the pandemic, more applications are being developed ranging from home medical devices, disinfectors, tracking algorithms etc for mass usage. We seek to benefit from this as higher performance applications and real time data will require more advanced technology and higher density of semiconductor content.
Current events further reinforced that automating the supply chain is crucial to minimise disruptions stemming from manpower risks or labour shortages and the adoption of Industry 4.0 is expected to accelerate from here. In the longer run and with the potential decoupling of supply chains, we can be a beneficiary if we are able to seize this opportunity to supply equipment and automation solutions to the new sites.
With our solid financial position, we are well positioned to weather potential near‐term challenges and will continue to execute our strategy for medium and long‐term growth, positioning ourselves to capture the resurgence in demand. This includes investment in both capacities and technologies to remain relevant.
result looks bad.... and why are they investing in bond funds instead of further investing in company or just SBB? bond funds are bad investment idea in current situation.
Pls refer to my previous message in this forum at 25/Apr - insider news , business drop 40 % ........ I already told u all guys business drop 40 % ..... it tally with the QR -41% . this stock consider overvalue now..... beware.
Overall YoY 49.9% growth is amazing definitely the management did a good job to maximize the profit.
The concern will be in the second half of FY2020. For MI, second-half performance is more important. In FY2019, second-half records 60% of total revenue while the first half only records 40% of total revenue.
If the management highlighted that there is little visibility on second half, then maybe the EPS for FY2020 will be maintained or unable to match with FY2019 records of 7.91 sens (adjusted).
Mi failed to capitalize on the larger capacity of their new factory. Tbh was expecting a bigger revenue growth. Slightly disappointing, but oh well, profit is still a profit.
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paktua73
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Posted by paktua73 > 2020-05-12 11:10 | Report Abuse
go go go mi tech..let we climbs summit hill 2.40..
tut tut
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