MI (5286): Financials Summary, Key Results, Growth

The Semiconductor Material Business Unit (SMBU) is expected to benefit from higher demand for smaller solder balls. A third SMBU operation is being planned, with Malaysia given priority. Capacity utilisation is 60% in Taiwan and below 20% in Accurus China. The Ningbo plant has doubled its production line to six, to cater for copper core solder balls.

The group’s Mi Series water level chip scale packaging die sorting machine is seeing improving demand for the mobility and wearable segments and new contributions from the high-performance computing and memory segments will contribute to the Semiconductor Equipment Business Unit in the next two to three years. We maintain “outperform” with a higher target price of RM2.92 based on a revised PER of 33 times FY25 EPS.

TP: RM2.92

1 month ago

From Publicinvest Research ☝

1 month ago

Awang123

Maksud MI masih sedap utk dimakan 😁

1 month ago

2.03 liao..
1.50 is possible

1 month ago

let's see how MI moves tomorrow then ..

1 month ago

Awesome, MI moves up instead 🚀

1 month ago

tts752

should be quite good QR...suddenly shooting up...QR expected to release this evening

1 month ago

autoven

QR out...if still got ppl complaint...ask him to be CEO la...ask him how is called good QR....

1 month ago

Picanto

CEO sendiri said not good "A full recovery for the semiconductor industry is not only slower than expected, in fact, to put it more honestly, a full recovery is unlikely to happen in 2024."

1 month ago

virgogo

Good performance as compared to most ATE companies. PE much lower than all the other semi con and ATE companies

1 month ago

n view of the rising trade protectionism, regional military conflicts and riots, inflation, unfair policies, tariffs and transnational sanctions, which slowed down the consumers’ spending as well as the corporate capital expenditure andled to a weak and unstable world economy in 2024. A full recovery for the semiconductor industry is not only slower than expected, in fact, to put it more honestly, a full recovery is unlikely to happen in 2024. The growth momentum in AI (ArtificialIntelligence)chips may not be sustainableif earnings from AI applications fail to meet expectations or if the novelty against AI cools.The management foresee that the PAT in the2H’2024willbemuchlowerthan1H’2024underthepressurefromthestrengtheningringgit against the greenbacksand the Group’s plan for an additional provision of approximately MYR8.8 mils for staff costs.Consideringthe currentwalking on eggssituation of the international operations,the management of Mi Group still maintains a cautious and conservative attitude towards the prospects in 2024.

1 month ago

The most honest company is MI..
AI can not sustain... Chalat lo

1 month ago

有鑒于贸易保护主义抬头、地区军事冲突和骚乱、通货膨胀、不公平政策、关税和跨国制裁,打击了大多数人的消费意愿和企业的资本性支出,导致不确定因素充斥着2024年的世界经济而欲振乏力。半导体行业的全面复甦不仅慢于预期,事实上,用更诚实的话来说,此全面复甦于2024年已然无望。如果人工智慧应用的收益未能达到预期,或者对人工智慧的新鲜感降温,人工智慧芯片的增长势头可能会崩溃。管理层预计,在令吉兑美元走强的压力下以及集团计划额外拨备约880万令吉用于员工支出,集团2024年下半年的税后利润将较上半年大幅缩减。基于国际运营的现况如履薄冰,正齐集团管理层对2024年的前景依然保持谨慎、保守的态度。

1 month ago

如果人工智慧应用的收益未能达到预期,或者对人工智慧的新鲜感降温,人工智慧芯片的增长势头可能会崩溃

AI crashing? MI is obviously the most honest company in the world

1 month ago

s3phiroth

That is a very big IF.

1 month ago

$2.14 lowest

1 month ago

More to come below $2

1 month ago

HorseyKL

2024-08-19 2.24 2.92 +0.68 (30.36%) BUY called from PUBLIC BANK

1 month ago

autoven

what if the latest announced QR bad + the comment from CEO...
will it limit down today?

1 month ago

Volz4321

it's gonna go up eventually

1 month ago

Tmr can dip below $2 liao

4 weeks ago

$2.01 lowest..
MI the honest company so must hv honest valuation below $2

3 weeks ago

HorseyKL

Bro Pang ada support sikit ka? 😁

3 weeks ago

Wonder why the management gave such a gloomy outlook ...

3 weeks ago

The management guides the AI heat gone then tech bubble will burst.
How to support MI?

3 weeks ago

As predict fall below $2.

Next destination is $1.80

3 weeks ago

MI told you don't syiok sendiri in AI

3 weeks ago

I like their management in fact because of thier honesty.
Many listed company boss, IB or gurus didn't care about investors welfare of telling lies in the report causing huge losses to innocent.

This is not right!

3 weeks ago

Wah, bro pang72 monitor so many stocks...
....must call him sifu....
....i only know 2 - 3 stocks :p

3 weeks ago

My bro stkoay..
Your 2 to 3 stocks are the best in town..
No need to monitors those gambling stock...

3 weeks ago

I monitor but I don't own any MI.
Read the report like reading newspaper lol

3 weeks ago

After reading what you posted in other forums, i think you do alot of home work...
...well done, salute!

3 weeks ago

Very well inform investor...

3 weeks ago

Next time, after you buy anything,,,please share ya...
...will follow a little:)

3 weeks ago

Basic knowledge..
Write for fun:)

3 weeks ago

The stocks you own now are the best.
FOCUS those shall be good for long term winners

3 weeks ago

Hopefully.
Thanks for opinion.

3 weeks ago

52wks low-1.56

Most honest company is saving multimillion ringgit from retailers

2 weeks ago

Still got $1.95...
Waotvfor you at $1.56 since you said AI is a dream only

2 weeks ago

Jonathan Keung

Looks bad for certain tech counters.

1 week ago

Mitchell79

Mi has solid fundamental, dnt you worry

1 week ago