MI TECHNOVATION BERHAD

KLSE (MYR): MI (5286)

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Last Price

1.42

Today's Change

0.00 (0.00%)

Day's Change

1.40 - 1.46

Trading Volume

4,439,300

Financial

Financial Year 2020


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Discussions
9 people like this. Showing 50 of 5,810 comments

AbdulKarimusk

@俊 家

You said it was a wrong investment, but you didn't elaborate further in what technical perspective, and which exactly and how the investment went wrong, apart from just suggesting employee resigned= bad company? Employees come and go and optimizing headcount and managing cost is the essence of running a company. I would be worried if the boss doesn't take this aspect into account in his business management. Further to this point, how is that merging autobotics back to HQ its a bad move?

I understand that some investors in Mi is frustrated when they compare to ATE peers like VItrox/Penta. But so you know, not all ATE equipments are the same. Just like steel industry. Strong sales in metal sheet products doesn't necessarily mean steel rebars sells well. The same is for ATE. MI specializes on wlcsp equipments which unfortunately didn't ride the same boom like the others which are mainly driven by automotive chips demand. Automotive chips are manufactured using higher nodes (nm) [due to reliability concerns] whereby wlscp and its portfolio of equipments which are mainly for higher end chips in mobile phone etc are not being utilized in the automotive space just YET. However, if you are in the semiconductor long enough, you will understand that the trend for that space will only get more advance hence the demand for more sophiscated chips.

Therefore to sum up my point, I invest in tech counters like MI and other counters is based on its underlying technology and how they navigate itself over the next few years on the ever changing industry, not based on some ex-employee's experience and jobstreet review, which isn't my own first hand experience anyway which can be very biased. A good example, is google. Would u call google a bad company after many staff quit just because the company doesn't allow flexible work hours/work from home full time?

I believe everyone here would really appreciate your input if you can lay your arguments in a more technical perspective so that everyone here including myself can learn.

2 weeks ago

家俊

myself is a software engineer. form management standpoint. you are right and i get it. but from technical spec. i can guarantee that their software is not up to standard. because of this. most of the engineer are spending their time to just simply hide/temporary fix the issue but not really eliminate/solve the rootcause as they all have other task as well. form my POV, this company all it need is total overhaul for the software, i sure as hell know that this will caused alot of resource. but for the future new comer and existing employee it good for them. but from what i heard form my friend. the top management remain the concept of it is still able to run, just continue milking from it. regardless of if its stable or not. most of them resign because they are exhausted by this negative loop.
and 20 years management experience guys says that ppl who left is due to unable to fulfill the jd. yea if 10-20% ppl resign. then i agree with your point. but more than half left and it is still because of cant fulfill the jd? i guess your inferior must be super ultra capable and must be work in nasdaq companies. and truth be told i know quite alot of ppl who work in MI, and they are more than capable.

1 week ago

AbdulKarimusk

@家俊

Thank you very much for your insight on this. This is something we all will appreciate in this space. But this is solely a software matter. I don't see how this software issue is related to its investment choice in China hence rendered they did a wrong investment as what you said earlier on? Can explain a little more, thank you?

1 week ago

Phoebe

If I may relate my brief experience. I work in semicon or something comparable to it. I can't go too specific since I'm bound by confidentiality agreements even though I've left the company. I work for a Japanese company that used to be a top-tier manufacturer. They back test everything, and it might take up to three years to introduce a new model. Those days, the equipment they sell is considered damm grade. Built to last for up to 20 years. While their competition, let's call them Korean....hehe.....releases a new model every six months. They have a reliability problem with their equipment, and all of them broke within 5 years. But, because technology advances so quickly, even if the equipment is still useable after three years, it is considered outdated, and clients are searching for an upgrade that is quicker, smaller, thinner, and more energy efficient. So, now the company still consider branded but the ranking has definitely dropped tremendously.

1 week ago

家俊

i try my best to give a plain explanation. machine consist 2 part. Hardware and software.
If machine no quality > engineer endless support > new machine order come in > double engineer workload > company don't acknowledge this bottleneck and keep milking push sales. Here the bad loop I am talking about. As big as mi get like now. Doesn't means their machine is good. If compare to Vitxxx. In term of software stability. I can only say like Perodua bezza vs Toyota Camry. Mi still able to survive due to their machine cost less than competitor. That's their only advantage
This is my engineering knowledge standpoint.
you asked how this have relation with the investment they made in china.
they spend the money in there to expect additional income. but nope.
and why i say so? the cost cutting is started few months later after their acquisition, this caused the already negative environment/bad loop even worst.
company no cash flow > cost cutting > worsen current working place > employee run > those existing bad product will get even worst as experienced employee left.
you tell me how this will not impact the company performance as they could just utilize the money to strengthen their core team, spend in Rnd stuff.
thats why all those big company keep trying to make their staff happy.
cause want them to stay. it cause alot more resource to train new people, even with experienced new comer doesnt means can pick up the task immediately in the new company.
and the major turnover is not just happen in malaysia HQ. even in china branch and taiwan branch alot of the service engineer are left.

1 week ago

kokchengkai

家俊 u should email to EPF to tell them what happend in Mi ,bcoz EPF currently taking ur money keep increasing they share in Mi .EPF making loss or EPF doing bad quality investment indirectly effect ur Income

1 week ago

cyeec2000

ok today buy double again..

1 week ago

jonathanlum

cyeec2000, ya...it is your money...buy more

1 week ago

cyeec2000

yeah..

1 week ago

cyeec2000

but not only me,my clients all follow

1 week ago

家俊

kokchengkai yes i can see overall epf still losing money in this share.
any i hope anyone who invest in mi can earn in a long term. i just providing insight of what happening in this company and the issue they facing. ur money your choice. double down triple down all in also not related to me.

1 week ago

cyeec2000

I think your statement is misleading, its sound like Mi closed Malaysia plant retrench people and your statement there is no of technology or knowledge of technical part, your intention is clear but only scare newbie to sell off, perhaps you should complaint in tribunal or jobstreet rather than bla bla bla here. I dont see there is big risk to triple our holding

1 week ago

ivanlau

Contacted my friend yesterday who now a engineer in MI . According to my friend MI business improve, just get one big order from China, they will be busy till year 2023, just for your sharing..........

1 week ago

cyeec2000

i attended agm 2 years ago, and studied hard for their fundamental..and listening the CEO Oh about their corporate direction. If i can do that, i dont easily to lost confident from someone unknown giving little evidence in those allegations.

1 week ago

jonathanlum

ivanlau, if the company wins anything big....usually in the news....i guess soon if this is true...

1 week ago

trustmenojoke

this counter no power...

1 week ago

cyeec2000

what epf buy and sell isnt the good indicator, example they used to be serbak and sapura shareholders..

1 week ago

jonathanlum

cyeec2000, please double up.

1 week ago

jonathanlum

the epf sell off explain why this counter in downtrend....

1 week ago

cyeec2000

yup 2moro triple

1 week ago

cyeec2000

thanks

1 week ago

jonathanlum

why triple....quadruple la

1 week ago

cyeec2000

why you so worry?i buy triple ans quadruple is my bussiness, only short seller will be worry..

1 week ago

cyeec2000

by the way i have brought till 20 percent in my portfolio if in future further weak price i am happy to buy more, investing isnt looked at short terms,only short seller and traders care..

1 week ago

cyeec2000

Scary the CEO Oh has brought 1 millions shares in JUN 2022, suicide move if the companies in danger..

1 week ago

Chow22

overvalued

1 week ago

家俊

yes i can verify ivanlau news is legit. although there are improvement in sales. but it doesnt changes the fact that their employee are all exhausted and the internal working environment is a mess. if they don't improve this. more sales also useless as no one support/work on those machine order. hopefully everyone win win situation.

1 week ago

家俊

cyeec2000 lmao the ceo holding so much share. i remember my friend who work in MI told me that what he said during internal meeting. he said he got power to do anything if he say so and no one can stop him (one hand cover sky). kinda scary for me.

1 week ago

cyeec2000

家俊: if u asked me the Mi Boss behave like that, what i can say is probably you are newbie in working field. I can say probably 8 of 10 boss are behave like that, and some boss also complained about young generation demand alot but work less, i can suggest you and your friend applied government department security jobs which can sleep whole days no kacau. What you can do is complaint to tribunal, blah blah here no used, by the way your intention cant met, boss Oh top up 1 millions shares perhaps he will buy few millions after your story prevail.

6 days ago

Phoebe

@家俊, sorry for my language but i would if the boss dare to say this he is damm confident and got balls. I work with many MNC and some CEO attitude is "my way or take the highway" and they deliver. Some of them are very focus especially those knows their business well. Not only in operation but technical as well.

5 days ago

kokchengkai

actually boss buy million share doesnt mean company is go to right way .mayb it go to right way but got possible is not tht things....example serbadk dynamic,Boss keep sapu share since share price collapse,at the END serbadk drop into PN17 hole.
i dint say MI boss = serbadk boss ,jst to tell u all Boss buy million own company share is mean nothing sumtime.

4 days ago

loneranger3211

I just entered today.....

3 days ago

loneranger3211

Hope that I'm right...nervous

3 days ago

NatsukoMishima

The big boss accumulate a lot of shares before he will start 2nd round tech mania goreng ! MI will back to rm 2.50 - 3.xx !

3 days ago

NatsukoMishima

Always buy stock at lowest price and u can sleep well make huge money ! MI is at historical lowest point , this is the time to buy future tech stock not sunset glove stock ! MI ,Dnex both fullfil the conditions !

3 days ago

StartOfTheBull

This couple of months most stocks behave this way, up and down up and down up and down, especially technology stocks.

3 days ago

jonathanlum

cyeec2000, chances come to you again....fast double up....

3 days ago

jonathanlum

i like cyeec2000, he has a strong vision, something we need to learn from him....

3 days ago

NatsukoMishima

This stock atleast can back to rm 1.8x !

3 days ago

NatsukoMishima

Afternoon can start see the uptrend already !

3 days ago

KINGTOP

Mi discounts

3 days ago

NatsukoMishima

Operator starts engine now , keep for 1 month atleast 5k gain with 10k unit! Big boss will goreng back to 1.80 !

3 days ago

loneranger3211

After lunch? Today is the Ex-Dividend day?

3 days ago

jonathanlum

cyeec2000, should i double up or let go? please advice

2 days ago

Calvinharris

The big boss accumulate a lot of shares before he will start 2nd round tech mania goreng ! MI will back to rm 2.50 - 3.xx !
posted by Natsuko.

MI TECH 一家sustainable profit company.

1 day ago

cyeec2000

jonathamlum what u are worry?if worry why dont put in fd?you seemed to be too worry..

1 day ago

cyeec2000

dont play derivative trading you need to pay huge cost...thanks mi for dividend again..but if you can make it rm1-1.2 i would happy.. i got holding power not like,u

1 day ago

cyeec2000

now already 20 percent holding, if rm1-1.2 i will make it 30 percent

1 day ago

cyeec2000

janathamlum:i suggested you go to genting gambling more faster..RSS and derivative are gambling pity of u

1 day ago

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