Mi Technovation News Today

PETALING JAYA: Mi Technovation Bhd remains positive about fulfilling its long-term business strategy to strengthen its position as a comprehensive solutions provider.

KUALA LUMPUR: Malaysia's stock market slipped in morning trade as Asian markets remained cautious ahead of the central bank meeting scheduled in the coming days.

Malaysian electronics company Mi Technovation has confirmed a 10 year investment in the Chinese city as part of its mission to boost market share in the bandgap semiconductor space.

KUALA LUMPUR: Mi Technovation Bhd's wholly owned subsidiary, Mi Semiconductor Pte Ltd (MiSE Singapore), has entered into a US$30 million (RM142 million) investment agreement with Xiaoshan Economic and Technological Development Zone Administration Committee.

BASED on data compiled by The Edge, 175 companies — or 19% of the 923 companies listed on Bursa Malaysia’s Main Market and ACE Market — have successfully raised a total of RM8.1 billion from their private placements this year, the largest in Malaysia’s history. The private placements alone exceeded the total secondary fundraising of RM8 billion in 2020.

Technology stocks continue to fall on profit taking The Edge 8/3/2021 Tan Siew Mung © Provided by The Edge KUALA LUMPUR (March 8): Technology-related stocks on Bursa Malaysia continued to fall on profit taking this morning, with Malaysian Pacific Industries Bhd (MPI), ViTrox Corp Bhd and Unisem (M) Bhd topping the list of losers. MPI was the top loser this morning, declining RM1.42 or 3.6% to RM37.98 at 10.48am. ViTrox was the second top loser, losing 42 sen or 2.65% to RM1...

KUALA LUMPUR (March 8): Technology-related stocks on Bursa Malaysia continued to fall on profit taking today, as the selldown on US technology stocks weighed on sentiment and investors shifted interest to other recovery plays. Bursa Malaysia’s technology index fell 6.09% to 79.81, with Malaysian Pacific Industries Bhd, ViTrox Corp Bhd and UWC Bhd topping the list of losers. MPI was the top loser, plunging RM4.52 or 11.47% to RM34.88, followed by ViTrox’s RM1.22 or 7.71% drop to RM14.60, and...

THE tech stock rally this month, which was particularly strong last week, should not come as a surprise to investors as many of the counters have hit all-time highs since last year’s June-to-August market rally. The spectacular share price performances of these semiconductor and semiconductor-related stocks have been overshadowed by the rubber glove mania last year amid the Covid-19 pandemic. Until lately, that is. One major factor fuelling the current rally is the global chip shortage, which...

KUALA LUMPUR: There is a long list of stocks to watch for on Monday following the announcement of corporate earnings and activities in the previous week, according to JF Apex Research. Hai-O’s net profit grew 41.5% year-on-year to RM10.35 million in its 2QFY21 from RM7.32 million last year, thanks to higher sales from its multi-level marketing division. NTPM returned to the black in the second quarter ended Oct 30, 2020 with a net profit of RM13.74 million from a net loss of R...

KUALA LUMPUR (Dec 18): Mi Technovation Bhd today proposed the acquisition of a 99% stake in the Taiwanese firm Accurus Scientific Co Ltd for RM217.01 million.  This follows the group’s signing a memorandum of understanding with Accurus and its shareholders in early October for the purpose of due diligence and negotiations related to its proposed acquisition of all or part of the equity interest in Accurus.  In a filing today, Mi Technovation said the purchase of the 99% stake will be satisf...