Micro-Mechanics

'We are encouraged that our two key geographical markets in Asia reported better q-o-q sales'

Micro-Mechanics is now trading near its 4-year historical forward earnings ratio of 24x

The company is maintaining an interim dividend of 6 cents per share

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“Semiconductors serve as the backbone to all things tech. Hence, we remain fairly confident for the industry,” KGI analyst Kenny Tan tells The Edge Singapore.

During 2QFY2020 ended December, the company enjoyed higher sales in China, Singapore, Japan and Taiwan, but suffered lower sales from its customers in the Philippines, Malaysia and Europe.

SINGAPORE (Oct 31): Shares in Micro-Mechanics closed 8 cents or 3.9% higher at $2.11 on Tuesday.

SINGAPORE (Oct 30): Shares in Micro-Mechanics were up as high as $1.98 on achieving its "best quarterly results" so far.

SINGAPORE (Sept 4): Daiwa likes Micro-Mechanics, the designer and manufacturer of high-precision tools for the semi-conductor industry.

SINGAPORE (Aug 28): Micro-Mechanics, the manufacturer of high precision tools and parts for the semiconductor industry, reported earnings jumped 24.2% to a record $14.8 million for FY17 ended June from a year ago.