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 9 hours ago

paktua73

18,415 posts

Posted by paktua73 > 2020-05-12 11:10 | Report Abuse

go go go mi tech..let we climbs summit hill 2.40..

tut tut
stand to hold

karimboss

1,168 posts

Posted by karimboss > 2020-05-12 17:06 | Report Abuse

Next RM2.5

Thelastone

276 posts

Posted by Thelastone > 2020-05-12 17:20 | Report Abuse

Well ,1 sen to 2.40! What do you guys think?

toto

1,421 posts

Posted by toto > 2020-05-14 14:46 | Report Abuse

Susah susah went up to 2.4x. Now drop to 2.2x .......Haiz....

loke1024

66 posts

Posted by loke1024 > 2020-05-14 17:36 | Report Abuse

Paktua75 still holding?

paktua73

18,415 posts

Posted by paktua73 > 2020-05-14 20:00 | Report Abuse

yes still here mid term holding..



tut tut
relax jer

monetary

4,447 posts

Posted by monetary > 2020-05-14 20:38 | Report Abuse

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

14/05/2020 06:41 PM

yorkyork

2,768 posts

Posted by yorkyork > 2020-05-15 01:27 | Report Abuse

As a investors u need to collect when have bad news come out, and patiently wait.
Many good counter After bad news jump go higher again.

toto

1,421 posts

Posted by toto > 2020-05-18 09:15 | Report Abuse

Very gan cheong if MI's coming Qresult will still be okay?

toto

1,421 posts

Posted by toto > 2020-05-18 10:21 | Report Abuse

Yorkyork, any idea for the cmg Qresult's performance?

Posted by sharesnewbie > 2020-05-18 14:59 | Report Abuse

any idea this morning raise then suddenly big drop ?

lindalinda

180 posts

Posted by lindalinda > 2020-05-18 15:45 | Report Abuse

Something is happening, heard they sold out their sub company. It is their Q1 result ...

Posted by sharesnewbie > 2020-05-18 15:47 | Report Abuse

sold out because of big loss ?

buneh97

50 posts

Posted by buneh97 > 2020-05-18 17:08 | Report Abuse

report out le

Posted by EatCoconutCanWin > 2020-05-18 17:12 | Report Abuse

holly crap result

gemfinder

6,880 posts

Posted by gemfinder > 2020-05-18 17:16 | Report Abuse

ok wat result... satisfactory

Posted by sharesnewbie > 2020-05-18 17:16 | Report Abuse

is the quarter report good?

gemfinder

6,880 posts

Posted by gemfinder > 2020-05-18 17:17 | Report Abuse

good loh. wat u expect

Posted by Teo Hock Song > 2020-05-18 17:17 | Report Abuse

bad result

karimboss

1,168 posts

Posted by karimboss > 2020-05-18 17:18 | Report Abuse

gemfinder good meh?

toto

1,421 posts

Posted by toto > 2020-05-18 17:18 | Report Abuse

Result good ah, why big drop today ?

gemfinder

6,880 posts

Posted by gemfinder > 2020-05-18 17:23 | Report Abuse

Overlook,d result. Bad result.. most of the profit from goreign exchange gain.. sell down tomorow

Posted by sharesnewbie > 2020-05-18 17:27 | Report Abuse

NTA only change 2 cents woh

karimboss

1,168 posts

Posted by karimboss > 2020-05-18 17:27 | Report Abuse

Maybe can drop 10sen la

Posted by sharesnewbie > 2020-05-18 17:29 | Report Abuse

karimboss, serbacounter pretty right today ! hahaha

buneh97

50 posts

Posted by buneh97 > 2020-05-18 17:29 | Report Abuse

revenue drop half also count good ar..lol

Posted by sharesnewbie > 2020-05-18 17:31 | Report Abuse

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

S_ken

143 posts

Posted by S_ken > 2020-05-18 17:35 | Report Abuse

This quarter with a foreign exchange gain of +6.458mil compared to 19Q4 foreign loss -2.159mil, profit still drop -40% :)

toto

1,421 posts

Posted by toto > 2020-05-18 17:40 | Report Abuse

Wah, like that. 2moro SI liao, will hv big drop again ? Below 2 possible ?

limitupupup

1,466 posts

Posted by limitupupup > 2020-05-18 17:42 | Report Abuse

those say drop all waiting to enter, they have been sell underwear sell wife to buy

karimboss

1,168 posts

Posted by karimboss > 2020-05-18 17:44 | Report Abuse

Karim Boleh, Huat Huat..

Posted by investory321 > 2020-05-18 17:50 | Report Abuse

is a neutral result, i would say a satisfactory one comparing to 1st qtr last year with higher EPS and revenue.

now see how investors view the outlook for remaining 3 qtr this year, any view?

Posted by investory321 > 2020-05-18 17:53 | Report Abuse

the report declared following

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.

limitupupup

1,466 posts

Posted by limitupupup > 2020-05-18 17:56 | Report Abuse

it is better than glove ctr, at least not overvalued LOL

Posted by shareunion > 2020-05-18 17:57 | Report Abuse

Agree.....neutral result!

Posted by Anonymousss > 2020-05-18 18:00 | Report Abuse

Think about it less 10 working days for Q1..with that result consider good

limitupupup

1,466 posts

Posted by limitupupup > 2020-05-18 18:03 | Report Abuse

aiya newbie wont look into QR report one la, they see the YoY got green green then hoot all in d haha

blood7

254 posts

Posted by blood7 > 2020-05-18 18:13 | Report Abuse

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.

Posted by shareinvestor88 > 2020-05-18 20:10 | Report Abuse

Report bad BYE TP 1

ivanlau

1,362 posts

Posted by ivanlau > 2020-05-18 20:16 | Report Abuse

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.

toto

1,421 posts

Posted by toto > 2020-05-18 21:52 | Report Abuse

For all u know, 2moro MI will shoot up crazily like U.S Dow & Nasdaq

pang72

49,949 posts

Posted by pang72 > 2020-05-18 21:53 | Report Abuse

Habis cerita!

pang72

49,949 posts

Posted by pang72 > 2020-05-18 21:53 | Report Abuse

Tech stock gone one by one!

buneh97

50 posts

Posted by buneh97 > 2020-05-18 22:00 | Report Abuse

all move to oil and construction

ccy123

279 posts

Posted by ccy123 > 2020-05-18 22:03 | Report Abuse

Q1 to Q1. not bad. Verdict BUY and Keep

Posted by Nowyouseeme888 > 2020-05-18 22:26 | Report Abuse

Latest prospect of semicon equipment outlook for Singapore Tech Stock.

https://research.sginvestors.io/2020/05/singapore-semicon-equipment-maybank-kim-eng-research-2020-05-18.html

One of the points to consider is US hardens stances towards Hua Wei. This might affect TSMC and its related machine supplier.

Posted by Nowyouseeme888 > 2020-05-18 22:48 | Report Abuse

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).

Posted by thinINVEST > 2020-05-18 23:08 | Report Abuse

tomorrow mi is still going to shoot up like US dow jones and Nasdaq due to vaccine shows positive result.

Posted by zerosumplayer > 2020-05-18 23:42 | Report Abuse

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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