Homepage
PR Newswire
08-02-2020, 05:51 PM
(This post was last modified: 09-02-2020, 10:05 AM by ¯|_(ツ)_/¯.
Edit Reason: re-insert video on concept car
)
5 cents dividend; record date:19 Feb 2020
8th Feb 2020
As expected, today, MM released it's 2Q20 results.
(click for summary - for lazy investor)
(click for you and me)
pg 9 - revenue table - note that revenue is steadily increasing
pg 10 - revenue breakdown 4 Japan and Taiwan. Taiwan seems to be growing strong. China and US still #1 & #2
- utilisation back to 61%
pg 11 - interim dividend of 5 cents vs 4 cents (jump of 25%)
pg 12 - 14 No excuse. If you're a learner and wanted to learn about what's a good company, read these 4 pages word-by-word and digest everything.
pg 15 - confirmation to continue quarterly reporting
CEO of Micro-Mechanics, Mr Chris Borch said, “The Group’s results in 2Q20 marked the first year-on-year
growth in our quarterly revenue since 4Q18. We believe this reflects the improving stability of the global
semiconductor industry from the cyclical downturn that began during the second half of calendar year 2018.
The higher revenue, coupled with our continuous efforts to enhance manufacturing processes, productivity
and cost structure, drove the improvement in the Group’s profitability during 2Q20.”
Based on the Group’s steady performance during 1H20, strong financial position,
modest capital requirements for the remaining months of FY2020 and encouraging long-term business outlook,
the Board of Directors has approved an interim dividend of 5 cents per ordinary share (one-tier tax exempt)
payable on 28 February 2020 to the shareholders on record as at 19 February 2020. This represents a 25%
increase over the interim dividend paid by the Group for 1H19.
Because it can be difficult to accurately assess the economic impact of this situation, or any other sudden
or unexpected event, we prefer to focus as much as possible on the industry’s long term trends and try
not to get preoccupied by short-term variations. We continue to believe the semiconductor industry is poised
for a prolonged period of solid growth as chips are becoming increasingly embedded in nearly every aspect of
modern life from today’s smart phones to tomorrow’s driverless cars.
Enjoy:
=========== Signature ===========
感恩
Thanks all valuebuddies for helping me in my investment journey.
I learn a lot from you.
8th Feb 2020
As expected, today, MM released it's 2Q20 results.
(click for summary - for lazy investor)
(click for you and me)
pg 9 - revenue table - note that revenue is steadily increasing
pg 10 - revenue breakdown 4 Japan and Taiwan. Taiwan seems to be growing strong. China and US still #1 & #2
- utilisation back to 61%
pg 11 - interim dividend of 5 cents vs 4 cents (jump of 25%)
pg 12 - 14 No excuse. If you're a learner and wanted to learn about what's a good company, read these 4 pages word-by-word and digest everything.
pg 15 - confirmation to continue quarterly reporting
CEO of Micro-Mechanics, Mr Chris Borch said, “The Group’s results in 2Q20 marked the first year-on-year
growth in our quarterly revenue since 4Q18. We believe this reflects the improving stability of the global
semiconductor industry from the cyclical downturn that began during the second half of calendar year 2018.
The higher revenue, coupled with our continuous efforts to enhance manufacturing processes, productivity
and cost structure, drove the improvement in the Group’s profitability during 2Q20.”
Based on the Group’s steady performance during 1H20, strong financial position,
modest capital requirements for the remaining months of FY2020 and encouraging long-term business outlook,
the Board of Directors has approved an interim dividend of 5 cents per ordinary share (one-tier tax exempt)
payable on 28 February 2020 to the shareholders on record as at 19 February 2020. This represents a 25%
increase over the interim dividend paid by the Group for 1H19.
Because it can be difficult to accurately assess the economic impact of this situation, or any other sudden
or unexpected event, we prefer to focus as much as possible on the industry’s long term trends and try
not to get preoccupied by short-term variations. We continue to believe the semiconductor industry is poised
for a prolonged period of solid growth as chips are becoming increasingly embedded in nearly every aspect of
modern life from today’s smart phones to tomorrow’s driverless cars.
Enjoy:
=========== Signature ===========
感恩
Thanks all valuebuddies for helping me in my investment journey.
I learn a lot from you.