Micro-Mechanics SGX:5DD
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reddevil0728
Great Supremacy Member
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Gem in what way?
If you compare tech stocks, UMS is better.
If you think is good, just hold, tech stocks still going upward.
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Shion
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Semiconductor play Micro-Mechanics' earnings grow 42.3% in Q1
Semiconductor play Micro-Mechanics' earnings grow 42.3% in Q1
https://www.businesstimes.com.sg/co...-play-micro-mechanics-earnings-grow-423-in-q1
MICRO-MECHANICS (Holdings) on Thursday reported that its net profit rose 42.3 per cent to about S$4.7 million for its first quarter ended Sept 30, from S$3.3 million a year ago.
The mainboard-listed company, which manufactures high-precision tools and parts for semiconductor applications, said its bottom line was boosted by a "record" quarterly revenue, despite facing challenges during the coronavirus pandemic.
Earnings per share stood at 3.35 Singapore cents for the quarter, up from 2.35 cents in the same period last year.
Revenue increased 18.3 per cent year on year to S$18.1 million, from S$15.3 million previously. This was in tandem with the steady growth of the global semiconductor industry, said Micro-Mechanics.
The company saw a year-on-year growth in sales across the majority of its geographical markets during the three months, particularly in Singapore, China and the US.
Chris Borch, chief executive of Micro-Mechanics, said the group is automating its operations around processes that are repeatable, scalable and cost-effective.
"This includes digitalising our workflows for efficiency, mobility and the ability for our people to work remotely," he added.
No dividend was declared for the first quarter of FY2021, in line with the group's practice to recommend dividends only in the second and fourth quarters of each financial year.
For FY2020, the group will distribute a final dividend of S$0.05 per share and a special dividend of S$0.02, subject to shareholders' approval at the Oct 30 annual general meeting.
Shares of Micro-Mechanics fell S$0.04 or 1.5 per cent to trade at S$2.61 as at the midday break on Thursday.
Semiconductor play Micro-Mechanics' earnings grow 42.3% in Q1
https://www.businesstimes.com.sg/co...-play-micro-mechanics-earnings-grow-423-in-q1
MICRO-MECHANICS (Holdings) on Thursday reported that its net profit rose 42.3 per cent to about S$4.7 million for its first quarter ended Sept 30, from S$3.3 million a year ago.
The mainboard-listed company, which manufactures high-precision tools and parts for semiconductor applications, said its bottom line was boosted by a "record" quarterly revenue, despite facing challenges during the coronavirus pandemic.
Earnings per share stood at 3.35 Singapore cents for the quarter, up from 2.35 cents in the same period last year.
Revenue increased 18.3 per cent year on year to S$18.1 million, from S$15.3 million previously. This was in tandem with the steady growth of the global semiconductor industry, said Micro-Mechanics.
The company saw a year-on-year growth in sales across the majority of its geographical markets during the three months, particularly in Singapore, China and the US.
Chris Borch, chief executive of Micro-Mechanics, said the group is automating its operations around processes that are repeatable, scalable and cost-effective.
"This includes digitalising our workflows for efficiency, mobility and the ability for our people to work remotely," he added.
No dividend was declared for the first quarter of FY2021, in line with the group's practice to recommend dividends only in the second and fourth quarters of each financial year.
For FY2020, the group will distribute a final dividend of S$0.05 per share and a special dividend of S$0.02, subject to shareholders' approval at the Oct 30 annual general meeting.
Shares of Micro-Mechanics fell S$0.04 or 1.5 per cent to trade at S$2.61 as at the midday break on Thursday.
Shion
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Micro-Mechanics reports 33% y-o-y jump in earnings for 1HFY2021
Micro-Mechanics reports 33% y-o-y jump in earnings for 1HFY2021
https://www.theedgesingapore.com/ne...anics-reports-33-y-o-y-jump-earnings-1hfy2021
Micro-Mechanics (Holdings) has reported earnings of $9.1 million for its 1HFY21 ended Dec 31 2020, up 33% y-o-y.
Revenue, in the same period, was up 16.7% y-o0y to $36.9 million, thanks to “buoyant” conditions in the worldwide semiconductor industry
For the three months ended Dec 31 2020, the company’s earnings jumped 24.6% y-o-y to $4.5 million on the back of a 15.2% y-o-y rise in revenue to $18.7 million.
“Despite ongoing headwinds from the COVID-19 pandemic, the Group continued to benefit from positive semiconductor industry conditions to deliver record revenue
and profit in 1H21,” says CEO of Micro-Mechanics, Chris Borch.
“We witnessed higher sales in the majority of our geographical markets, with double-digit growth in our top three markets of China, the USA and Malaysia,” he adds.
Shareholders can look forward to a higher interim dividend of 6 cents per share, up 20% from 5 cents per share paid in the year earlier period.
“In addition to reflecting our confidence in the group’s long-term prospects, we hope our commitment to shareholder returns will be helpful to shareholders during this difficult period,” says Borch.
He sees the industry may be entering into a “supercycle” of multi-year growth, thanks to higher demand for computers, mobile devices and the need for massive data centres as well as the proliferation of applications for chips.
World Semiconductor Trade Statistics expects the global semiconductor market to have increased 5.1% to US$433 billion in 2020 and forecasts it will grow another 8.4% to US$469 billion in 2021.
Borch expects the industry’s annual revenue to accelerate to hit double digits and the US$1 trillion mark to be attained in seven years’ time.
In order to be better positioned to capture this growth, the company has sped up its capital investments, with an increase of $5.3 million in the six months to Dec 2020.
Among others, Micro-Mechanics is developing a new machining technology at a factory in US.
“We believe this new machining technology will be essential for making the next-generation of parts for wafer-processing equipment that are designed to fabricate chips with geometries measuring well below 10 nano-meters,” says Borch.
At 4.12 pm, Micro-Mechanics' share price dropped 2.14% to trade at $3.65.
Micro-Mechanics reports 33% y-o-y jump in earnings for 1HFY2021
https://www.theedgesingapore.com/ne...anics-reports-33-y-o-y-jump-earnings-1hfy2021
Micro-Mechanics (Holdings) has reported earnings of $9.1 million for its 1HFY21 ended Dec 31 2020, up 33% y-o-y.
Revenue, in the same period, was up 16.7% y-o0y to $36.9 million, thanks to “buoyant” conditions in the worldwide semiconductor industry
For the three months ended Dec 31 2020, the company’s earnings jumped 24.6% y-o-y to $4.5 million on the back of a 15.2% y-o-y rise in revenue to $18.7 million.
“Despite ongoing headwinds from the COVID-19 pandemic, the Group continued to benefit from positive semiconductor industry conditions to deliver record revenue
and profit in 1H21,” says CEO of Micro-Mechanics, Chris Borch.
“We witnessed higher sales in the majority of our geographical markets, with double-digit growth in our top three markets of China, the USA and Malaysia,” he adds.
Shareholders can look forward to a higher interim dividend of 6 cents per share, up 20% from 5 cents per share paid in the year earlier period.
“In addition to reflecting our confidence in the group’s long-term prospects, we hope our commitment to shareholder returns will be helpful to shareholders during this difficult period,” says Borch.
He sees the industry may be entering into a “supercycle” of multi-year growth, thanks to higher demand for computers, mobile devices and the need for massive data centres as well as the proliferation of applications for chips.
World Semiconductor Trade Statistics expects the global semiconductor market to have increased 5.1% to US$433 billion in 2020 and forecasts it will grow another 8.4% to US$469 billion in 2021.
Borch expects the industry’s annual revenue to accelerate to hit double digits and the US$1 trillion mark to be attained in seven years’ time.
In order to be better positioned to capture this growth, the company has sped up its capital investments, with an increase of $5.3 million in the six months to Dec 2020.
Among others, Micro-Mechanics is developing a new machining technology at a factory in US.
“We believe this new machining technology will be essential for making the next-generation of parts for wafer-processing equipment that are designed to fabricate chips with geometries measuring well below 10 nano-meters,” says Borch.
At 4.12 pm, Micro-Mechanics' share price dropped 2.14% to trade at $3.65.
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Wahlau, why still nobody care?
Haha, I added more.
yield now is 4.1% after the recent 20% hike in dividends.
Management is bullish on the semicon outlook.
The payout is hitting 92%.
More interested to see payout compare to FCF and CFO. Can't find the numbers...
Haha, I added more.
yield now is 4.1% after the recent 20% hike in dividends.
Management is bullish on the semicon outlook.
The payout is hitting 92%.
More interested to see payout compare to FCF and CFO. Can't find the numbers...
Last edited:
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I monitor but no more cash to buy liao.
"This counter had been heavy selldown by news and analysts report that the price was above actual value. Currently this counter price movement still in the uptrend and prepare to rebound. Funds are in, price is moving up to 20SMA."
I wrote this on the 18/3.
- Joined
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I monitor but no more cash to buy liao.
"This counter had been heavy selldown by news and analysts report that the price was above actual value. Currently this counter price movement still in the uptrend and prepare to rebound. Funds are in, price is moving up to 20SMA."
I wrote this on the 18/3.
Nice.
This counter has always been strong through the years. And the management sounds bullish this year.
Nice.
This counter has always been strong through the years. And the management sounds bullish this year.
Yea, I'm surprise it's jump from $1.xx to $3.xx last year.
Good for you.
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Thanks, hope you huat too.
I'm out of tech, left fintech Ifast. Thanks.Thanks, hope you huat too.
Don't forget small player like GVT
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Nice small company. Not sure what's their moat?
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