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CIMB likes Manufacturing Integration Tech for new order wins, strong balance sheet

Samantha Chiew
Samantha Chiew1/10/2018 11:20 AM GMT+08  • 2 min read
CIMB likes Manufacturing Integration Tech for new order wins, strong balance sheet
SINGAPORE (Jan 10): CIMB likes Manufacturing Integration Technology (MIT), the capital goods supplier that primarily serves the semiconductor industry, for its new order wins and strong balance sheet.
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SINGAPORE (Jan 10): CIMB likes Manufacturing Integration Technology (MIT), the capital goods supplier that primarily serves the semiconductor industry, for its new order wins and strong balance sheet.

Despite incurring a loss of $5.5 million in FY16, due to lack of order wins, the group turned around in FY17, announcing new order wins.

One of which is an $18 million order for its semiconductor equipment business. The group’s management attributed its return to profitability in 1H17 to this order win.

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