Ho said this stemmed from “resilient demand” for high-precision parts and tools despite global lockdowns and near shutdowns of whole industries.
UOB Kay Hian has maintained its “hold” call on Micro-Mechanics Holdings (MMH), with a higher target price of $2.01 as compared to its previous target price of $1.82.
Analyst Clement Ho said this was due to a strong earnings showing for the company in 4Q20. During the quarter, MMH recorded a net profit of $3.9 million, bringing its earnings to $14.7 million for FY20, and surpassing the brokerage’s estimates by 23%.
