Can keep quiet or not? I'm slowly accumulating it. Don't let others know. Up 300% liao for me.
Micro-Mechanics SGX:5DD
- Thread starter mcsane
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Can keep quiet or not? I'm slowly accumulating it. Don't let others know. Up 300% liao for me.
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I collect these for my CPF account. Keke.
Can keep quiet or not? I'm slowly accumulating it. Don't let others know. Up 300% liao for me.
Good choice.
They are small and new, but the founder is a veteran. 2 companies he founded earlier are now part of UMS and Frenken group. Business also evolve around semicon and medical sciences sector which are not affected by pandemic.
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Next one coming.
The Board of Directors of Micro-Mechanics (Holdings) Ltd. (the “Company”) wishes to inform that the Company will be releasing the results for the three months ended 31 March 2021 (“3Q21”) on 30 April 2021.
The Board of Directors of Micro-Mechanics (Holdings) Ltd. (the “Company”) wishes to inform that the Company will be releasing the results for the three months ended 31 March 2021 (“3Q21”) on 30 April 2021.
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Micro-Mechanics Posts Record Sales and Profit for 9M21
ď‚· Net profit rose 24.0% to S$13.3 million on revenue growth of 14.1% to S$54.6 million in 9M21
ď‚· Healthy financial position with cash of S$16.4 million and no bank borrowings
Singapore, 30 April 2021 – Micro-Mechanics (Holdings) Ltd. (“Micro-Mechanics” or the “Group”), a manufacturer of high precision tools and parts used in process-critical applications for the semiconductor industry, has achieved a record financial performance for the nine months ended 31 March 2021 (“9M21”).
The Group today reported that its net profit jumped 24.0% to S$13.3 million on the back of revenue growth of 14.1% to S$54.6 million in 9M21.
For the three months ended 31 March 2021 (“3Q21”), the Group’s revenue grew at a moderate pace of 9.1% to S$17.7 million following the busy year-end holiday period for the electronics industry. Correspondingly, Group net profit increased 7.9% to S$4.2 million in 3Q21.
CEO of Micro-Mechanics, Mr Chris Borch said, “The global semiconductor industry got off to a positive start in 2021. As a result, the Group benefited from continuing demand for our high precision tools and parts, and recorded steady increases in both our top and bottom lines during 3Q21.”
Sales in China grew 27.7% to S$5.9 million to remain as Micro-Mechanics’ largest geographical market with a contribution of 33% to the Group’s revenue in 3Q21.
The Malaysia and Singapore markets also recorded higher year-on-year sales in 3Q21 and accounted for 15% and 9% of Group revenue respectively. Based on data from the World Semiconductor Trade Statistics (WSTS), global semiconductor sales for the months of January and February 2021 amounted to US$79.6 billion, an increase of about 14% from the same two-month period in 2020.
In its Semiconductor Market Forecast released on 17 March 2021, WSTS said it now expects semiconductor sales to increase by 10.9% to US$488 billion in 2021, compared to its previous projection of US$469 billion made in December 2020.
“As the semiconductor industry continues to grow and develop new equipment and processes for manufacturing chips with device geometries below 10 nanometers, we think only a handful of suppliers will have the capabilities to meet the increasingly stringent requirements of the industry. We believe that our strong customer focus, rigorous evaluation process for making investments, and the great work by our people should enable the Group to maintain a healthy gross profit margin.
Indeed, our gross profit margin expanded to 54.5% in 3Q21 from 52.0% in 3Q20. We plan to continue working to strengthen this key measure of our competitive strength and the value that we create for our customers,” said Mr Borch. As at 31 March 2021, the Group maintained a sound balance sheet with total assets of S$67.0 million, shareholders’ equity of S$52.9 million, cash and cash equivalents of S$16.4 million and no bank borrowings.
https://links.sgx.com/FileOpen/MMH-SGXnet-3Q21- final.ashx?App=Announcement&FileID=664212
ď‚· Net profit rose 24.0% to S$13.3 million on revenue growth of 14.1% to S$54.6 million in 9M21
ď‚· Healthy financial position with cash of S$16.4 million and no bank borrowings
Singapore, 30 April 2021 – Micro-Mechanics (Holdings) Ltd. (“Micro-Mechanics” or the “Group”), a manufacturer of high precision tools and parts used in process-critical applications for the semiconductor industry, has achieved a record financial performance for the nine months ended 31 March 2021 (“9M21”).
The Group today reported that its net profit jumped 24.0% to S$13.3 million on the back of revenue growth of 14.1% to S$54.6 million in 9M21.
For the three months ended 31 March 2021 (“3Q21”), the Group’s revenue grew at a moderate pace of 9.1% to S$17.7 million following the busy year-end holiday period for the electronics industry. Correspondingly, Group net profit increased 7.9% to S$4.2 million in 3Q21.
CEO of Micro-Mechanics, Mr Chris Borch said, “The global semiconductor industry got off to a positive start in 2021. As a result, the Group benefited from continuing demand for our high precision tools and parts, and recorded steady increases in both our top and bottom lines during 3Q21.”
Sales in China grew 27.7% to S$5.9 million to remain as Micro-Mechanics’ largest geographical market with a contribution of 33% to the Group’s revenue in 3Q21.
The Malaysia and Singapore markets also recorded higher year-on-year sales in 3Q21 and accounted for 15% and 9% of Group revenue respectively. Based on data from the World Semiconductor Trade Statistics (WSTS), global semiconductor sales for the months of January and February 2021 amounted to US$79.6 billion, an increase of about 14% from the same two-month period in 2020.
In its Semiconductor Market Forecast released on 17 March 2021, WSTS said it now expects semiconductor sales to increase by 10.9% to US$488 billion in 2021, compared to its previous projection of US$469 billion made in December 2020.
“As the semiconductor industry continues to grow and develop new equipment and processes for manufacturing chips with device geometries below 10 nanometers, we think only a handful of suppliers will have the capabilities to meet the increasingly stringent requirements of the industry. We believe that our strong customer focus, rigorous evaluation process for making investments, and the great work by our people should enable the Group to maintain a healthy gross profit margin.
Indeed, our gross profit margin expanded to 54.5% in 3Q21 from 52.0% in 3Q20. We plan to continue working to strengthen this key measure of our competitive strength and the value that we create for our customers,” said Mr Borch. As at 31 March 2021, the Group maintained a sound balance sheet with total assets of S$67.0 million, shareholders’ equity of S$52.9 million, cash and cash equivalents of S$16.4 million and no bank borrowings.
https://links.sgx.com/FileOpen/MMH-SGXnet-3Q21- final.ashx?App=Announcement&FileID=664212
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Steady growth...
Including the interim dividend for FY2021, we have distributed total dividends of 91.9 cents per share since our listing in 2003. Based on dividends alone, this translates into a return of nearly 500% for shareholders who bought Micro-Mechanics shares at our Initial Public Offer.
They IPO at 23c in 2003... with $3.40 share price now, assuming no split or consolidation, that's near 14x returns.
Combined, that's almost 19x returns over the past 18 years... or about 100% a year...
Their dividends now is $0.12, which is 50% returns per year based on the ipo price.
Who ever held on since then is sibei huat.
Including the interim dividend for FY2021, we have distributed total dividends of 91.9 cents per share since our listing in 2003. Based on dividends alone, this translates into a return of nearly 500% for shareholders who bought Micro-Mechanics shares at our Initial Public Offer.
They IPO at 23c in 2003... with $3.40 share price now, assuming no split or consolidation, that's near 14x returns.
Combined, that's almost 19x returns over the past 18 years... or about 100% a year...
Their dividends now is $0.12, which is 50% returns per year based on the ipo price.
Who ever held on since then is sibei huat.
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Jsk, almost doubled!
Woah you have all the tech and fintech counters, huat gg
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Yah, lol. Enjoying the fruits. Their dividends happens to be good too. Balance off with iFast’s near 0 dividends.
Unless result very good, if not will still ranging.
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i think huat arh.
2c more than last year.
Shion
Senior Mentor
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Brokers' take: DBS initiates Micro-Mechanics with 'buy' on semiconductor growth
https://www.businesstimes.com.sg/co...ro-mechanics-with-buy-on-semiconductor-growth
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MICRO-MECHANICS Holdings Micro-Mechanics: 5DD -1.47% is a good proxy to the semiconductor revenue cycle, which will likely continue to see growth in 2022, DBS Group Research said in a research note on Tuesday (Dec 7).
The research team initiated coverage on the company with a "buy" call and target price of S$4.05, which is based on its estimated FY2022 earnings per share of S$0.1446, and its estimated FY2022 price-to-earnings ratio of 28 times.
Shares of Micro-Mechanics, a manufacturer of high-precision tools and parts used in the semiconductor industry, closed at S$3.24 on Tuesday, up by S$0.07 or 2.21 per cent.
Analyst Ling Lee Keng said the semiconductor supercycle has not peaked yet, and expects global chip sales will grow around 9 per cent in 2022, while the industry will likely post a compound annual growth rate of 5 per cent from 2023 to 2025.
This should continue to drive Micro-Mechanics' share price and revenue, which are positively correlated with the semiconductor industry, Ling said.
Given the company's range of product offerings across front and back-end processes, it is also well-positioned to gain from growth trends across the wafer fab, assembly and packaging, and semiconductor test equipment segments.
Furthermore, Micro-Mechanics may be less susceptible to industry swings, since the consumable nature of its back-end tools and front-end equipment parts can support regular demand during most downturn periods.
The company also has zero debt and sustainability dividend yields, which helps it to weather cyclical downturns more effectively. Ling expects the company can generate steady dividend payouts given its strong cash flows and balance sheets, with an estimated yield of 4.1 per cent for FY2022 and FY2023.
Additionally, although Micro-Mechanics typically trades at a premium above its local peers, it has little to no peers that are directly comparable in terms of product range, scale and geographical coverage, and its share price is also largely aligned with the global average.
The research team initiated coverage on the company with a "buy" call and target price of S$4.05, which is based on its estimated FY2022 earnings per share of S$0.1446, and its estimated FY2022 price-to-earnings ratio of 28 times.
Shares of Micro-Mechanics, a manufacturer of high-precision tools and parts used in the semiconductor industry, closed at S$3.24 on Tuesday, up by S$0.07 or 2.21 per cent.
Analyst Ling Lee Keng said the semiconductor supercycle has not peaked yet, and expects global chip sales will grow around 9 per cent in 2022, while the industry will likely post a compound annual growth rate of 5 per cent from 2023 to 2025.
This should continue to drive Micro-Mechanics' share price and revenue, which are positively correlated with the semiconductor industry, Ling said.
Given the company's range of product offerings across front and back-end processes, it is also well-positioned to gain from growth trends across the wafer fab, assembly and packaging, and semiconductor test equipment segments.
Furthermore, Micro-Mechanics may be less susceptible to industry swings, since the consumable nature of its back-end tools and front-end equipment parts can support regular demand during most downturn periods.
The company also has zero debt and sustainability dividend yields, which helps it to weather cyclical downturns more effectively. Ling expects the company can generate steady dividend payouts given its strong cash flows and balance sheets, with an estimated yield of 4.1 per cent for FY2022 and FY2023.
Additionally, although Micro-Mechanics typically trades at a premium above its local peers, it has little to no peers that are directly comparable in terms of product range, scale and geographical coverage, and its share price is also largely aligned with the global average.
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Back down due to report too...
WED, MAY 04, 2022 - 4:26 PM
UPDATED WED, MAY 04, 2022 - 4:26 PM
HELENE TIANhelenetian@sph.com.sg
DBS has downgraded Micro-Mechanics Holdings : 5DD 0% to “hold” from “buy”. The research team also cut its target price on the semiconductor play to S$3.42 from S$4.05.
Although the industry outlook remains healthy, DBS is cautious of ongoing headwinds, including higher raw material prices and risks around the group’s US and China operations.
The new target price is 27 times the research team’s FY2022 earnings estimates. The new target also implies a potential upside of 11 per cent from the company’s last trading price of S$3.08 as at 3.02 pm on Wednesday (May 4). The counter was up 2.8 per cent or S$0.09 at the time.
In a report on Wednesday, DBS trimmed its FY2022-23 earnings forecasts for Micro-Mechanics by 12-15 per cent in lieu of a potential slowdown in sales from the US and China markets. The research team also expects lower margins amid rising raw material prices and higher effective taxes.
Accordingly, it has adjusted its revenue estimates slightly downwards to S$80 million from S$81.6 million for FY2022 and S$83.5 million from S$86.5 million for FY2023.
The research team also revised its net profit margin projections for FY2022-23 to around 22 per cent, which is more conservative than Micro-Mechanic’s management’s forward guidance of about 23-25 per cent.
DBS noted that the group has a sound financial position, with S$15 million in cash and no bank borrowings.
Micro-Mechanics manufactures consumables used in the chip testing and assembly process of semiconductors and contract manufactures precision parts used in critical processes during wafer fabrication.
Brokers’ take: DBS cautious of ongoing headwinds for Micro-Mechanics, downgrades to 'hold'
https://www.businesstimes.com.sg/co...g-headwinds-for-micro-mechanics-downgrades-toWED, MAY 04, 2022 - 4:26 PM
UPDATED WED, MAY 04, 2022 - 4:26 PM
HELENE TIANhelenetian@sph.com.sg
DBS has downgraded Micro-Mechanics Holdings : 5DD 0% to “hold” from “buy”. The research team also cut its target price on the semiconductor play to S$3.42 from S$4.05.
Although the industry outlook remains healthy, DBS is cautious of ongoing headwinds, including higher raw material prices and risks around the group’s US and China operations.
The new target price is 27 times the research team’s FY2022 earnings estimates. The new target also implies a potential upside of 11 per cent from the company’s last trading price of S$3.08 as at 3.02 pm on Wednesday (May 4). The counter was up 2.8 per cent or S$0.09 at the time.
In a report on Wednesday, DBS trimmed its FY2022-23 earnings forecasts for Micro-Mechanics by 12-15 per cent in lieu of a potential slowdown in sales from the US and China markets. The research team also expects lower margins amid rising raw material prices and higher effective taxes.
Accordingly, it has adjusted its revenue estimates slightly downwards to S$80 million from S$81.6 million for FY2022 and S$83.5 million from S$86.5 million for FY2023.
The research team also revised its net profit margin projections for FY2022-23 to around 22 per cent, which is more conservative than Micro-Mechanic’s management’s forward guidance of about 23-25 per cent.
DBS noted that the group has a sound financial position, with S$15 million in cash and no bank borrowings.
Micro-Mechanics manufactures consumables used in the chip testing and assembly process of semiconductors and contract manufactures precision parts used in critical processes during wafer fabrication.
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Micro-Mechanics reports another record earnings year
https://www.theedgesingapore.com/ca...echanics-reports-another-record-earnings-yearMicro-Mechanics (Holdings) has reported earnings of $19.8 million for FY2022 ended June, up 9.7% y-o-y. Revenue in the same period was up 11.8% y-o-y to $82.5 million, as the company, maker of precision parts and tools, enjoys stronger demand from its customers in the semiconductor industry.
The earnings, reported on Aug 27, marks its second consecutive year of record revenue and net profit.
Micro-Mechanics enjoyed its highest-ever quarterly results for its 4QFY2022 ended June, with earnings up 22.7% y-o-y to $5.9 million and revenue up 14.8% y-o-y to $22.0 million.
The company plans to pay a final dividend of six cents per share, plus a special dividend of two cents. This brings its total payout for FY2022 to 14 cents.
“Despite facing significant challenges in the aftermath of the Covid-19 pandemic that included staff shortages, inflationary pressures, supply chain shortages and other disruptions, we managed to keep our five worldwide factories running and focused on meeting the needs of customers,” says CEO Chris Borch.
See also: Tai Sin Electric posts earnings of $22 mil with demand for electronics sustained in FY2022
“This operational resilience, amid continued growth of the global semiconductor industry, enabled the group to deliver another year of record revenue and profit in FY2022,” he adds.
Borch warns that the company, like all other businesses, faces rapidly rising costs for materials, energy and manpower.
Nevertheless, it has maintained its gross margin at 53.4% for FY2022.
“These inflationary pressures are expected to prevail in FY2023 and we plan to continue our relentless focus on working to strengthen our GP margin with initiatives that enhance the value we bring to customers, improve quality and streamline the operations of our factories,” he adds.
See also: IHH Healthcare reports earnings of RM612 mil for 2QFY2022, up 27% y-o-y
Borch notes that with the company’s plants spread across Singapore, Malaysia, China, the Philippines
and the USA, it is in a “strong position” to capitalise on the on-going building boom of chip making plants in Chin and US.
Micro-Mechanics closed at $3.10 on Aug 26, up 0.65%.
Just to share my investment in SGX smaller players do have some multi-bagger and this is one stock. From 2000's bought around 20 cents to now trading over $1. But the percentage of such multi-baggers over other under-achievers is so small. This explain why I need to continue on my full-time job as a employee haha.
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