CEO sendiri said not good "A full recovery for the semiconductor industry is not only slower than expected, in fact, to put it more honestly, a full recovery is unlikely to happen in 2024."
n view of the rising trade protectionism, regional military conflicts and riots, inflation, unfair policies, tariffs and transnational sanctions, which slowed down the consumers’ spending as well as the corporate capital expenditure andled to a weak and unstable world economy in 2024. A full recovery for the semiconductor industry is not only slower than expected, in fact, to put it more honestly, a full recovery is unlikely to happen in 2024. The growth momentum in AI (ArtificialIntelligence)chips may not be sustainableif earnings from AI applications fail to meet expectations or if the novelty against AI cools.The management foresee that the PAT in the2H’2024willbemuchlowerthan1H’2024underthepressurefromthestrengtheningringgit against the greenbacksand the Group’s plan for an additional provision of approximately MYR8.8 mils for staff costs.Consideringthe currentwalking on eggssituation of the international operations,the management of Mi Group still maintains a cautious and conservative attitude towards the prospects in 2024.
I like their management in fact because of thier honesty. Many listed company boss, IB or gurus didn't care about investors welfare of telling lies in the report causing huge losses to innocent.
unrealized forex loss of 28.4mil, USD strengthening since Sept/Oct, Q4 should be fine. Prospect: The Group expect a double-digit revenue growth for both SEBU and SMBU in FY2024.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tts752
132 posts
Posted by tts752 > 2024-08-16 14:41 | Report Abuse
should be quite good QR...suddenly shooting up...QR expected to release this evening