micro-mechanics

TOPLINE

Micro-Mechanics builds the tools behind the ‘next generation’ of chips worldwide

It sees opportunities in US and China as chip technology and global trends provide tailwinds

Chris Borch, chief executive of Micro-Mechanics, says the company will continue its strategy to grow its core businesses.

Micro-Mechanics Q1 profit falls 36.4% to S$2.7 million

MICRO-MECHANICS reported a net profit of S$2.7 million for its first quarter ended September, down 36.4 per cent from S$4.2 million in the same period last year, amid a slowing semiconductor industry.

The group has noted that its performance reflected the cyclical slowdown in the global semiconductor industry since the second half of 2022.

Micro-Mechanics posts 66% fall in Q4 profit to S$2 million

MICRO-MECHANICS posted a 66 per cent drop in net profit to S$2 million for its fourth quarter ended June, from S$5.9 million in the previous corresponding period.

Chris Borch, CEO of Micro-Mechanics, says the company is focused on the long-term fundamentals of the semiconductor industry.

Micro-Mechanics posts 63% fall in Q3 profit to S$1.6 million

MICRO-MECHANICS on Friday (Apr 28) reported a 63 per cent fall in profit for Q3 FY2023 to S$1.6 million, from S$4.4 million in Q3 FY2022.

Venture helps companies design and produce high-tech products. Its margins have been consistently been around 10 per cent in the last five years.

Asean manufacturing indicators ticking up, with positive implications for SGX-listed players

MANUFACTURING sentiment in South-east Asia is on an uptrend, and some of Singapore’s listed manufacturers may be in a good position to take advantage of this.

Chris Borch, chief executive of Micro-Mechanics, says the group began to see slower market conditions for semiconductors amid softening demand and higher chip inventories at the start of its financial year.

Micro-Mechanics Q2 net profit falls 58% to S$1.9 million amid global chip market slowdown

SEMICONDUCTOR play Micro-Mechanics (Holdings) posted a 58.4 per cent fall in net profit to S$1.9 million for its second quarter ended Dec 31, 2022, from S$4.6 million a year ago.

SEMICONDUCTOR play Micro-Mechanics (Holdings) posted a 5.8 per cent rise in net profit to S$4.4 million for its third quarter ended Mar 31, 2022, from S$4.2 million a year ago.

Micro-Mechanics Q3 net profit up 5.8% to S$4.4m on double-digit sales

SEMICONDUCTOR play Micro-Mechanics (Holdings) posted a 5.8 per cent rise in net profit to S$4.4 million for its third quarter ended Mar 31, 2022, from S$4.2 million a year ago.

Although the industry outlook remains healthy, DBS is cautious of ongoing headwinds, including higher raw material prices and risks around the group’s US and China operations.

Brokers’ take: DBS cautious of ongoing headwinds for Micro-Mechanics, downgrades to 'hold'

DBS has downgraded Micro-Mechanics Holdings to “hold” from “buy”. The research team also cut its target price on the semiconductor play to S$3.42 from S$4.05.

Low Ming Wah (right), president and chief operating officer of Micro-Mechanics, with chief financial officer Chow Kam Wing. The fall in net profit marks the end of four straight quarters of growth.

Micro-Mechanics Q1 profit falls 14.6%

MICRO-MECHANICS on Friday (Oct 28) posted a 14.6 per cent decline in net profit to S$4.2 million for its first quarter ended Sep 30 compared with S$5 million the previous year. 

Chris Borch, the chief executive of Micro-Mechanics, has attributed the group's FY2022 performance to its operational resilience amid continued growth of the global semiconductor industry.

Micro-Mechanics proposes final, special dividend of S$0.08 as Q4 net profit jumps 22.7% 

SEMICONDUCTOR play Micro-Mechanics said in a bourse filing on Saturday (Aug 27) that it achieved its “highest-ever” quarterly results for the 3 months ended Jun 30 as net profit leapt 22.7 per cent to...