Current Price Status
Stock is Trading within Range
Stock is trading within the fundamental outlook of the company and the industry average performance. Market is currently pricing of annual earning growth worse than the industry average.
Company is in Positive Earning
- MI current price is 5.96% above OneDelta estimated fair value.
The fair value is estimated via OneDelta proprietary model that updated daily basis based on stock fundamental and specific industry relative marco outlook. It can be assessed as stock potential upside range or the stock true value price in case of downside.
Relative Price Performance
UnderperformedMI past 5-day return lagged behind the Industrial Machinery industry average return by 17.81%
Below 30-Day AverageCurrent price RM3.38 is below 30-day average RM3.57 by 5.6%
|Return (%)||MI||Industrial Machinery|
Bank Analyst Price Targets
Revenue & Earning Growth Analysis
Strong Positive Revenue Growth
MI has been achieving revenue growth for past 3 quarters by average +28%.
Unstable Profit Growth
MI has been experiencing substantial ups and downs on profit growth.
Past Quarter Reports
|Quarter Date||Revenue (RM)||(%)||EPS (RM)||(%)|
Volume Trend Analysis
Recent Volume is Decreasing
Decreasing trading volume tends to keep stock price range bound in near term.
MI recent daily traded volume is -33.33% lower than past month average.
|Past 30-Day||Past 5-Day|
|12k daily||8k daily|
Price History Chart
Past 30-day Average Price: RM3.57
Stock Thematic Baskets
Usually the more the stock is included in popular themes, the more opportunity for price-driven momentum and better liquidity.
Market News & Investor Opinions
Stock Company Profile
MI TECHNOVATION BERHAD
Mi Technovation Bhd. engages in the design, development, manufacture and sale of wafer level chip scale packaging sorting machines. It operates through the following segments: Machine, Spare Parts, and Services. The Machine segment provides water level chip scale packaging sorting machines with inspection and testing capabilities for the semiconductor industry. The Spare Parts segment offers spare parts and components such as consumables and wear and tear parts, conversion kits and new modules, and electronic components, precision parts, and mechanical components. The Services segment covers maintenance services and technical support to customers, as well as machine software upgrades, refurbishment of machines, and on-site service support. The company was founded on June 19, 2017 and is headquartered in Bayan Lepas, Malaysia.