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Micro-Mechanics
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Is Micro Mech a good buy
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tongphlp
Supreme |
29-May-2026 11:44
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Angsana_Anderson
Member |
04-May-2026 09:04
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Micro-Mechanics: Thesis has materialisedWhat are my key takeaways from Micro-Mechanics&rsquo earnings call on Wed 29 Apr 2026? The cycle has turned. Revenue growth continued to accelerate. Operating profit margins continued to expand, finally recovering to the levels reached during the previous upcycle. Near-term demand remains healthy. Management reported their lead time continued to increase. The risks of irrational capacity expansion remain low. That said, there are indicators that we are no longer in the early stages of the upcycle. Inventory growth finally increased faster than revenue. My framework suggests the current semiconductor shortage may end around calendar Q1&rsquo 27. I discuss these in detail in this post Micro-Mechanics: Thesis has materialised |
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stlimst
Master |
29-Apr-2026 16:11
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Great set of results. Very strong headwind in this cycle. And good analysis by Bro Angsana too...thanks Vested.
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Joelton
Supreme |
29-Apr-2026 11:47
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Micro-Mechanics reports 18.8% y-o-y increase in net profit for 3QFY2026 Micro-Mechanics (SGX:5DD) has reported a net profit of $3.8 million for 3QFY2026 ended March 31, up 18.8% y-o-y. Revenue in the same period increased 16.2% y-o-y to $16.2 million, mainly driven by the consumable tools segment, where revenue increased 20.9% y-o-y to $14.4 million. Meanwhile, wafer fabrication equipment (WFE) sales saw a modest increase of 2.6% y-o-y to $4.2 million. Gross profit improved by 18.9% y-o-y to $9.6 million in 3QFY2026 while gross profit margin increased 1.1 percentage points y-o-y to 51.6%. The better margins was a result of enhancement seen in its manufacturing processes and stronger customer engagement. As at March 31, 2026, Micro-Mechanics possess a debt free balance sheet, with cash and bank balances of $25.7 million. For 3QFY2026, the company will be investing $463,000 into new hardware and software, plant machinery, and factory renovation. The company expects its capital expenditure for 2HFY2026 to be around $2.0 million. &ldquo We delivered strong growth in 3QFY2026, as sustained AI and compute demand drove global semiconductor sales to new highs. As the industry continues to ramp, we remain focused on improving lead times and on‑ time delivery to support this demand,&rdquo says Kyle Borch, CEO of Micro-Mechanics. Shares of Micro-Mechanics closed 11 cents higher, or 3.34% up at $3.40 on April 28. On a YTD basis, its share price saw a gain of nearly 110%. |
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desmlee
Member |
29-Apr-2026 07:35
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congrats to those vested, huat ah! Micro-Mechanics reports 18.8% y-o-y increase in net profit for 3QFY2026 |
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Angsana_Anderson
Member |
27-Apr-2026 08:29
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Micro-Mechanics: After a +97% rally, is it too late to buy? At the start of the year, Micro-Mechanics was an unloved orphan. The consensus? A lousy cyclical business with no liquidity. Today, the narrative has flipped. After surging +97% year-to-date, there is palpable excitement surrounding the shares. Investors are finally recognised Micro-Mechanics is a quality business reaching a cyclical inflection. In my latest analysis, I revisit my original investment thesis from Jan 2026. I dig into: - How working capital trends and customer inventory levels signaled an inflection point - The temporary headwinds that masked the underlying quality business Finally, I will tackle the most important question: Is it too late to buy? For my full analysis, see: Micro-Mechanics: After a +97% rally, is it too late to buy? |
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JurongW
Elite |
10-Apr-2026 18:03
Yells: "Earnings give weight, Chart give wings" |
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The Company will release its financial results for the three months ended 31 March 2026 (&ldquo 3QFY2026&rdquo ) on 28 April 2026. |
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slimerlth
Member |
26-Mar-2026 10:19
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Run chicken | ||||||||||
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JurongW
Elite |
24-Mar-2026 22:04
Yells: "Earnings give weight, Chart give wings" |
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First SBB in 2026
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spursfan
Supreme |
30-Jan-2026 11:24
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RESULTS PRESENTATION https://links.sgx.com/1.0.0/corporate-announcements/25B6X85869VINRO0/873520_MMH%20-%202QFY2026%20and%201HFY2026%20Results%20Presentation.pdf |
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spursfan
Supreme |
30-Jan-2026 11:21
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Joelton
Supreme |
30-Jan-2026 11:18
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Micro-Mechanics 2Q2026 earnings up 25.2% to $3.7m
Micro-Mechanics has reported 2Q2026 earnings of $3.7 million, up 25.2% y-o-y. This brings its 1HFY2026 earnings to $6.86 million, an increase of 13.7%.
Thanks to strong sales momentum from the consumable tools segment, revenue for the quarter ended Dec 31 2025 was $18.7 million, up 14.5%, while the half year figure is an increase of 8.7% to $35.4 million.
The company plans to pay an interim dividend of 3.0 cents per share for 1HFY2026, representing a dividend payout ratio of 60.8%.
" As trade dynamics shift, we stay focused on customer needs. Across market cycles, we continue to improve processes and invest strategically in growth," says CEO Kyle Borch.
Notwithstanding ongoing macroeconomic and trade uncertainties, the company says it remains focused on sustaining earnings quality.
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spursfan
Supreme |
30-Jan-2026 09:07
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https://links.sgx.com/1.0.0/corporate-announcements/25B6X85869VINRO0/873521_MMH%20-%202QFY2026%20and%201HFY2026%20Press%20Release.pdf |
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Joelton
Supreme |
29-Aug-2025 12:24
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Micro Mechanics&rsquo FY2025 earnings soar 54.2% y-o-y to $12.4 mil on wafer fabrication equipment revenue surge
Micro Mechanics has reported earnings of $12.4 million for the FY2025 ended June 30, a 54.2% y-o-y improvement from $8.04 million in the same period last year.
The group&rsquo s revenue increased 12.6% y-o-y to $65.2 million for the FY2025, while gross profit similarly grew 18.5% y-o-y to $32.2 million. For the period, Micro Mechanics&rsquo gross profit margin improved to 49.4% from 47.0% in FY2024.
The improved revenue was driven by growth in both the group&rsquo s consumable tools and wafer fabrication equipment (WFE) segments. In FY2025, sales from Micro Mechanics&rsquo consumable tools increased by 5.7% y-o-y to $50.4 million, while sales from the WFE segment surged by 45.5% y-o-y to $14.8 million, due to the group seeing &ldquo orders rebound&rdquo following efforts to develop a &ldquo more compelling, competitive and higher value&rdquo product mix.
With this, the group has proposed a final dividend of 3.0 cents per share, bringing the total dividend for FY2025 to 6.0 cents per share.
On a 4QFY2025 basis, earnings surged 52.9% y-o-y to $3.18 million from the 4QFY2024&rsquo s $2.08 million. Revenue grew 12.0% y-o-y to $16.7 million in the 4QFY2025, from $14.9 million in the same period a year ago.
As at end-June 2025, total assets stood at $60.8 million and the group generated net cash of $18.3 million from operating activities.
After deducting net cash used in investing activities of $1.2 million and net cash used in financing activities of $9.9 million, which was mainly for the payment of dividends in the FY2024 and 1HFY2025, the group ended FY2025 with $23.3 million in cash and no bank borrowings.
To support sustained business and earnings growth, Micro Mechanics is investing strategically in capital expenditure to enhance its manufacturing capabilities and productivity. These investments include equipment to support greater precision work, automation and enhanced productivity.
Moving forward, the group will continue to focus on its &lsquo Five-Star Factory initiative&rsquo , which aims to drive excellence across five key areas of the group&rsquo s business. This covers people, customer focus, operations, innovation and workplace safety and efficiency.
Micro Mechanics will also continue to &ldquo closely engage customers&rdquo to identify new opportunities to support higher-value problems across the value chain. The group also continues to focus and build its capabilities in leading-edge technology applications, including the development of elastomer pick up tools used to package advanced chips like high bandwidth memory.
The group has minimised inventory overstocking with inventory of $3.1 million as at the end of June, representing 4.8% of annualised sales. Inventory written off for FY2025 totalled $166,000, compared to $214,000 in the FY2024.
In the 4QFY2025, Micro Mechanics continued to make good improvements in its elastomer manufacturing process, which represents about 29.6% of the group&rsquo s revenue, in terms of both cost, lead time and yield.
Internally, the group&rsquo s board of directors appointed Kyle Borch as chief executive officer (CEO) with effect from July 1. Borch succeeds Christopher Borch, who will continue in his capacity as executive chairman.
&ldquo As we head into FY2026, we are more committed than ever to pursuing excellence in all that we do, so that we can help our customers succeed with Five-Star solutions, contribute to the advancement of the semiconductor industry, and ultimately continue to deliver long-term sustainable value for our shareholders,&rdquo says CEO Borch
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Newbie85
Veteran |
28-Aug-2025 09:24
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Bought some to keep | ||||||||||
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Newbie85
Veteran |
28-Aug-2025 08:43
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Maybe. If funds chooses to load it. $2 not an issue
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desmlee
Member |
27-Aug-2025 23:25
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$2 tomolo? | ||||||||||
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Newbie85
Veteran |
27-Aug-2025 20:54
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Ang mo never let us down. Really solid results. | ||||||||||
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tcshares
Senior |
21-Jul-2025 22:29
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time to accummulate | ||||||||||
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andrewinvest
Member |
17-Jul-2025 16:24
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Share price hit 52-wk high after this video...huat ah https://youtu.be/QIRTObzQCig?si=GSOBw9bU1ZOP_DYt |
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