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Micro-Mechanics (Holdings)
06-09-2016, 08:48 PM, (This post was last modified: 06-09-2016, 09:04 PM by chialc88.)
Post: #41
Micro Mechanics Strategic Changes - focus on semicon biz
c.f. page 8 of MMH FY presentation on 30 Aug 2016

Chris decided to focus on semicon industry (for both CMA and tooling).
This is his sweet spot aka low-hanging fruits.

No way he is giving up CMA.

He just need to find a way for the CMA to shine.

Let's gives him a bit more time to prove himself...
   his judgemental call to go into CMA business.

[Image: 06092016%20MMH%20Strategic%20Focus%20changed.jpg]

yes, Love you too, MM.






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07-09-2016, 06:31 PM,
Post: #42
RE: Micro-Mechanics (Holdings)
This probably will be my last post on Micro Mechanics.

I spoken to a taxi driver who is actually a renovation contractor.

He says that many contractor prefers to get gov project.

I says got good got bad. Gov like to drag payment.

He says true but they the payment is certain.

I says not really, gov will be fussy, demand this and demand that.

He says true but if do a proper job then the payment is certain.

I says compare to what?

He says other projects. do already nicely touch up still have to pray to get $$$.


My only take for MM is to look at it's inventory write-off and customer payment.

So long, these 2 items is ok, just keep MM as pillow stock.

and that's the reason why this likely will be my last post
(until someone wake me up on MM inventory or bad debt...)


zzZ....

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28-10-2016, 12:07 PM,
Post: #43
RE: Micro-Mechanics (Holdings)
Micro-Mechanics Posts Net Profit of S$3.4 Million in 1Q17
• Net profit in 1Q17 grew 19.4% from 4Q16, but was slightly down from S$3.6 million in 1Q16
• Gross profit margin maintained at healthy 57.3% in 1Q17
• Strong financial position with cash of S$23.7 million and zero borrowings

CEO of Micro-Mechanics, Mr Chris Borch said, “The Group’s revenue in 1Q17 softened marginally from the same quarter a year ago due to slower demand conditions in the global chip industry, as well as the translational impact from the depreciation of the Reminbi, Philippine Peso and US Dollar when translated to our reporting currency in Singapore Dollars.”

1Q17 results : http://infopub.sgx.com/FileOpen/MMH-SGXn...eID=426644
Specuvestor: Asset - Business - Structure.

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28-10-2016, 07:01 PM,
Post: #44
Micro-Mechanics (Holdings)
By design, according to CFO, AGM is also held today at National Lib.
Great that they do not waste money in conducting at luxury hotel.
Key take-aways from the AGM are:
Note: based on my interpretation of mainly what were said by CEO & occasionally COO & CFO. Any incorrect interpretations are solely my fallibility.
1. CMA will be focusing on Semiconductor wafer-fab industry.
Previously we only produce Part & Tool for Assembly & Testing Companies.
But CMA will be focusing to produce Part & Tool for Wafer-fabrication Companies.

Wafer-fab is a big market (I think he mean much bigger market).
MMH have been making inroads for this new focus and looks encouraging.

The issue with MMH is the Top-Line.
MMH is good in keeping cost intact hence the issue is we need more Revenue.
A good way to watch MMH is the Top line & Middle line (Gross Margin).

2. Industry is moving towards 10nano or smaller.
Our competitors who have been successfully in the past, may not have the ability to adjust or adjust quick enough to seize the opportunity.
We have reset/retool and will keep improving for this trend.

3. Capex for FY2017 is expected to be S$6-8M.
I am not sure if this is meant for CMA's new focus, but i bet partly is.

4. Commenting on the eager shareholder (who obviously want to hit and run) about the lack of big fund investors in MMH, CFO firmly said that they do not wish to jack up the price and having the big players may not be good for small OPMI.
CEO added that they would like to leave the market to price the Company and focus on company businesses.
I personally really appreciate such stands by the Management which are generally under-appreciated by Shareholders.

I guess i am in good companies.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".

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29-10-2016, 03:06 PM,
Post: #45
RE: Micro-Mechanics (Holdings)
(28-10-2016, 07:01 PM)Hi Ksir,Thanks for the update. I was overseas so I couldn\t attend the AGM.This is the stock that i have   held the longest and you can read my report here. https://heartlandboy.com/micro-mechanics...ed/Equally vested and satisfied as well. Wrote: By design, according to CFO, AGM is also held today at National Lib.
Great that they do not waste money in conducting at luxury hotel.
Key take-aways from the AGM are:
Note: based on my interpretation of mainly what were said by CEO & occasionally COO & CFO. Any incorrect interpretations are solely my fallibility.
1. CMA will be focusing on Semiconductor wafer-fab industry.
Previously we only produce Part & Tool for Assembly & Testing Companies.
But CMA will be focusing to produce  Part & Tool for Wafer-fabrication Companies.

Wafer-fab is a big market (I think he mean much bigger market).
MMH have been making inroads for this new focus and looks encouraging.

The issue with MMH is the Top-Line.
MMH is good in keeping cost intact hence the issue is we need more Revenue.
A good way to watch MMH is the Top line & Middle line (Gross Margin).

2. Industry is moving towards 10nano or smaller.
Our competitors who have been successfully in the past, may not have the ability to adjust or adjust quick enough to seize the opportunity.
We have reset/retool and will keep improving for this trend.

3. Capex for FY2017 is expected to be S$6-8M.
I am not sure if this is meant for CMA's new focus, but i bet partly is.

4. Commenting on the eager shareholder (who obviously want to hit and run) about the lack of big fund investors in MMH, CFO firmly said that they do not wish to jack up the price and having the big players may not be good for small OPMI.
CEO added that they would like to leave the market to price the Company and focus on company businesses.
I personally really appreciate such stands by the Management which are generally under-appreciated by Shareholders.

I guess i am in good companies.

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