[MI TECHNOVATION BERHAD：没有经历大幅度的订单减少或延期，并预计2020年上半年将保持现状，因为大多数客户尚未修改其资本支出预算]
1Q20 vs 1Q19:
正齐科技在本季度的收入收于3524万令吉，比去年同期的2948万令吉增长20％。这主要是由于先进/晶圆级包装领域中某些OSAT的资本投资增长导致了东北亚地区客户的需求增加。
集团在本季度的税前利润为1034万令吉，比去年同期的690万令吉增加了50％。销售收入增加，加上应付给外部销售代理商的佣金降低（由于地理销售结构的变化），以及美元兑令吉升值带来的外汇收益，都导致了PBT的增加。
1Q20 vs 4Q19：
该集团在本季度取得3,524万令吉的营业额和1034万令吉的PBT，相比前一季度为6,822万令吉和1,771万令吉。 PBT的下跌在较小程度上受到美元兑马来西亚令吉升值所产生的外汇收益的庇护。
前景：
他们并没有经历大幅度的订单减少或延期，并预计2020年上半年将保持现状，因为大多数客户尚未修改其资本支出预算。他们预计，供应链中断本质上将是短期的，随着情况的改善，被压抑的需求将重新出现。尽管其行业在未来一两个季度的中期可能会遇到一些不确定因素，但病毒大流行使人们对长期的积极前景更加清楚。
他们认为，随着技术的进步，芯片需求的总体增长仍将保持不变。技术仍处在推动经济增长和投资5G的最前沿，物联网和高性能计算仍在进行中。由于病毒大流行，正在开发更多的应用，包括用于大规模使用的家用医疗设备，消毒器，跟踪算法等。他们寻求从中受益，因为更高性能的应用和实时数据将需要更先进的技术和更高的半导体含量密度。当前的事件进一步表明，使供应链自动化对于最大程度地减少由人力风险或劳动力短缺引起的中断至关重要，并且预计工业4.0的采用将从此开始加速。从长远来看，随着供应链的潜在脱钩，如果他们能够抓住这次机会向新站点提供设备和自动化解决方案，他们将是一个受益者。
凭借其稳固的财务状况，他们可以很好地应对潜在的近期挑战，并将继续执行其中长期增长战略，以适应不断增长的需求。这包括对能力和技术两者的投资来保持竞争力。
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.60 (dividend RM0.04) in 1 year 9 months 24 days, total return is 269.2%
b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM32.76 (adjusted)(dividend RM0.32) in 1 Year 11 months 4 days, total return is 172.5%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.76 (dividend RM0.04) in 1 year 11 months 4 days, total return is 126.4%
d) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.56 (adjusted)(dividend RM0.055) in 1 Year 3 days, total return is 116.5%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.49 (dividend RM0.148) in 1 Year 7 months 28 days, total return is 65.9%
f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.90 in 1 year 4 months 16 days, total return is 56.5%
我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：
预计公司每年的增长率必须> 14％
我想说服读者学习基本面分析FA以便能从股市赚钱。
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这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。
James Ng
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[MI TECHNOVATION BERHAD: They have not experienced significant order reductions or deferments and expect the first half of 2020 to remain status quo as most of their customers have not revised their capex budgets]
1Q20 vs 1Q19:
The Group's revenue for the current quarter closed at RM35.24 million, representing an increase of 20% as compared to RM29.48 million generated in the corresponding quarter of previous year. This was mainly due to stronger demand from their customers in North East Asia region resulting from the growth in capital investment from certain OSATs in the advanced/wafer level packaging segment.
The Group’s profit before tax (“PBT”) for the current quarter was RM10.34 million or 50% increase from RM6.90 million recorded in the similar quarter of the preceding year. Increased sales revenue coupled with lower commission payable to external sales agent (resulting from change in geographical sales mix) as well as foreign exchange gain from appreciation of US Dollar against Ringgit Malaysia had contributed to the increase of PBT.
1Q20 vs 4Q19:
The Group posted a revenue of RM35.24 million and PBT of RM10.34 million for the current quarter under review, compared to RM68.22 million and RM17.71 million for the immediate preceding quarter. The drop in PBT was at a lessor extent, sheltered by the foreign exchange gain arising from the appreciation of US Dollar against Ringgit Malaysia.
Prospects:
They have not experienced significant order reductions or deferments and expect the first half of 2020 to remain status quo as most of their customers have not revised their capex budgets. They expect supply chain disruptions are to be short term in nature and pent‐up demand will resurface when the situation improves. Although their industry may experience some uncertainties in the medium term for the coming one or two quarters, the long‐term positive outlook has been made clearer by the pandemic.
They believe that the overall growth in demand for chips will still be intact as technology advances. Technology is still at the forefront driving economic growth and investments into 5G, the IoT and high‐performance computing are on‐going. As a result of the pandemic, more applications are being developed ranging from home medical devices, disinfectors, tracking algorithms etc for mass usage. They seek to benefit from this as higher performance applications and real time data will require more advanced technology and higher density of semiconductor content. Current events further reinforced that automating the supply chain is crucial to minimise disruptions stemming from manpower risks or labour shortages and the adoption of Industry 4.0 is expected to accelerate from here. In the longer run and with the potential decoupling of supply chains, they can be a beneficiary if they are able to seize this opportunity to supply equipment and automation solutions to the new sites.
With their solid financial position, they are well positioned to weather potential near‐term challenges and will continue to execute their strategy for medium and long‐term growth, positioning ourselves to capture the resurgence in demand. This includes investment in both capacities and technologies to remain relevant.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must > 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
https://klse.i3investor.com/blogs/general/2020-06-08-story-h1508670916.jsp
