Micro-Mechanics (Holdings)

[¯|_(ツ)_/¯]

MMH@345
Few days ago, DBS published a TP recommendation for MMH at $4.05.



For any valuebuddies who is not familiar with MMH, this would be a good read:

(link to edge)

The actual PDF is 29 pages and a rather easy read.

I'm not surprise that more analysts will starting to recommend MMH.  What surprise me is Paul Chew does not cover MMH when it's result was released.  I wonder what happens to Paul?

In any case, there are a lot of points and projections which makes sense to a investor.

I'm mindful that some valuebuddies prefers to point out MMH's weakness instead of keep repeating it's strength.

DBS kind of touch on a bit and allow me to share my thought:
1) MMH kept saying that there will only be a few suppliers in the sub-10nm space.
2) MMH vision is to be one of these suppliers.
3) By now, we know that there are nothing propitiatory such as Patents, trademark etc for MMH.  What MMH had is working hard (and harder) to work with customers to ensure perfect parts delivered at perfect time. Pure hardwork in gaining customers trust, day in day out.
4) What we also know is if a customer chosen MMH, they are likely to stick with MMH for life.  The opposite would likely to be true aka if a customer did not choose MMH, then they will not be MMH customer for a LONG LONG TIME.

Given these few points, my thinking is MMH had not been breaking thru in sub-10nm space aka non of the sub-10nm chips are using MMH's products.

Question is when can MMH breakthru into these space? The sooner the better, because based on point 4), if a customer already write-off MMH, then it will be a long long wait for the opportunities to come.



Gratitude.