Micro-Mechanics earnings for 1QFY2024 down y-o-y but up q-o-q

'We are encouraged that our two key geographical markets in Asia reported better q-o-q sales'

Broker's Calls

DBS maintains 'fully valued' call on Micro-Mechanics but cuts target price on worsening industry outlook

Micro-Mechanics is now trading near its 4-year historical forward earnings ratio of 24x


Micro-Mechanics reports 2QFY2022 earnings of $4.56 mil, up 2.3% y-o-y

The company is maintaining an interim dividend of 6 cents per share

Broker's Calls

950 Broker's Digest

Take a look at these six stocks this week, including Parkway Life REIT, Capitaland Mall Trust and Sembcorp Industries.


The chips are down but not for long

“Semiconductors serve as the backbone to all things tech. Hence, we remain fairly confident for the industry,” KGI analyst Kenny Tan tells The Edge Singapore.

Company in the news

Micro-Mechanics volunteers to maintain quarterly reporting

During 2QFY2020 ended December, the company enjoyed higher sales in China, Singapore, Japan and Taiwan, but suffered lower sales from its customers in the Philippines, Malaysia and Europe.


Micro-Mechanics gets 'buy' from Phillip for forecast beating 1Q; shares up 8 cents

SINGAPORE (Oct 31): Shares in Micro-Mechanics closed 8 cents or 3.9% higher at $2.11 on Tuesday.


Micro-Mechanics reports 53% rise in earnings in 'best quarter' ever

SINGAPORE (Oct 30): Shares in Micro-Mechanics were up as high as $1.98 on achieving its "best quarterly results" so far.

Broker's Calls

Growing global semiconductor sales bodes well for Micro-Mechanics

SINGAPORE (Sept 4): Daiwa likes Micro-Mechanics, the designer and manufacturer of high-precision tools for the semi-conductor industry.


Micro-Mechanics posts record revenue and earnings in FY17

SINGAPORE (Aug 28): Micro-Mechanics, the manufacturer of high precision tools and parts for the semiconductor industry, reported earnings jumped 24.2% to a record $14.8 million for FY17 ended June from a year ago.