SINGAPORE (Aug 22): Maybank Kim Eng likes Micro-Mechanics as it's earnings jumped 23-27% y-o-y over 2Q-3Q17 as turnover was buoyed by robust global chip sales since late 2016 to record levels in June this year.
With that, the group posted a higher interim DPS of 3 cents in 1H17 compared to 2 cents in 1H16.
In FY16, Micro-Mechanics improved its operational efficiencies and gross margin steadily to 57% from 46% in FY11.
