Mi Technovation - The risk of setting up a new plant
However, from the start of our coverage on Mi (24 May), the share price has sky-rocket from RM2.38 to RM4.68 (+97%). This is contributed by the strong growth prospect from the new factory and high margin business despite the risks of running a new factory which is discussed in the slides above.
You may refer to here for Mi's business overview (with competitive advantages explained) and why I did not invest in Mi last year.
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