One of which is an $18 million order for its semiconductor equipment business. The group’s management attributed its return to profitability in 1H17 to this order win.
SINGAPORE (Jan 10): CIMB likes Manufacturing Integration Technology (MIT), the capital goods supplier that primarily serves the semiconductor industry, for its new order wins and strong balance sheet.
Despite incurring a loss of $5.5 million in FY16, due to lack of order wins, the group turned around in FY17, announcing new order wins.
