Private Wealth Management and Asset Management., FPA Financial

FPA Financial

Private Wealth Management and Asset Management.

FPA Financial is an independent and boutique financial firm specializing in private wealth management and asset management.

Equity Bottom-Up

<ul><li>Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools &amp; parts used in the assembly and wafer fabrication processes of the semiconductor industry.</li><li>It has five operating facilities located in Singapore, Malaysia, China, the Philippines, and the U.S., and serves more than 600 customers.</li><li>Besides designing &amp; manufacturing consumable tools &amp; parts used for the assembly &amp; testing of semiconductors, MMH also produces parts for Wafer Fabrication Equipment (“WFE”).</li></ul>

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools &amp; parts used in the assembly and wafer fabrication processes of the semiconductor industry.It has five operating facilities located in Singapore, Malaysia, China, the Philippines, and the U.S., and serves more than 600 customers.Besides designing &amp; manufacturing consumable tools &amp; parts used for the assembly &amp; testing of semiconductors, MMH also produces parts for Wafer Fabrication Equipment (“WFE”).

Micro-Mechanics (Holdings) Ltd: Company Update (25 September 2026)

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<ul><li>FY2026 revenue grew 15.8% to S$75.5 million, with gross margins at 51.6%, and net profit up 28.3% to S$15.9 million.</li><li>Micro-Mechanics invested S$3.8 million in new equipment and technology, generating net operating cash flow of S$18.9 million.</li><li>The Board recommended a final dividend of 3.0 cents per share, totaling 6.0 cents per share for FY2026.</li></ul>

FY2026 revenue grew 15.8% to S$75.5 million, with gross margins at 51.6%, and net profit up 28.3% to S$15.9 million.Micro-Mechanics invested S$3.8 million in new equipment and technology, generating net operating cash flow of S$18.9 million.The Board recommended a final dividend of 3.0 cents per share, totaling 6.0 cents per share for FY2026.

10 in 10 with Micro-Mechanics – Building a Next Generation Semiconductor Supplier

<ul>
<li>Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools &amp; parts used in the assembly and wafer fabrication processes of the semiconductor industry.</li>
<li>It has five operating facilities located in Singapore, Malaysia, China, the Philippines, and the U.S., and serves more than 600 customers (as noted by MMH in April 2026).</li>
<li>Besides designing &amp; manufacturing consumable tools &amp; parts used for the assembly &amp; testing of semiconductors, MMH also produces parts for Wafer Fabrication Equipment (“WFE”).</li>
</ul>


Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools &amp; parts used in the assembly and wafer fabrication processes of the semiconductor industry.
It has five operating facilities located in Singapore, Malaysia, China, the Philippines, and the U.S., and serves more than 600 customers (as noted by MMH in April 2026).
Besides designing &amp; manufacturing consumable tools &amp; parts used for the assembly &amp; testing of semiconductors, MMH also produces parts for Wafer Fabrication Equipment (“WFE”).


Micro-Mechanics (Holdings) Ltd: Company Update (7 August 2026)

Managing Director, Golden Section Capital

Garreth Elston

Managing Director

Golden Section Equity Research

Golden Section Capital

Golden Section Capital is a private international investment, specialist independent equity research, and corporate finance consulting services provider focussing on real estate and infrastructure. 

Paid for corporate research on Real Estate and Infrastructure companies. Plus independent pieces on various real estate companies and themes.

Thematic (Sector/Industry)

<ul>
<li>Data centres trade as real estate but do not behave like it: value is set by secured, energised power, execution capability and regulation, not by location or floor space.</li>
<li>Valuation requires triangulation across various methodologies. The metrics that matter are contracted versus energised MW, WALE by contract type, PUE trajectory and ESG compliance against regulatory thresholds.</li>
<li>Six SGX-listed vehicles offer differentiated exposure: three pure-plays (Keppel DC REIT, Digital Core REIT, NTT DC REIT) and three diversified names (CapitaLand Ascendas REIT, Mapletree Industrial Trust, CapitaLand India Trust).</li>
</ul>


Data centres trade as real estate but do not behave like it: value is set by secured, energised power, execution capability and regulation, not by location or floor space.
Valuation requires triangulation across various methodologies. The metrics that matter are contracted versus energised MW, WALE by contract type, PUE trajectory and ESG compliance against regulatory thresholds.
Six SGX-listed vehicles offer differentiated exposure: three pure-plays (Keppel DC REIT, Digital Core REIT, NTT DC REIT) and three diversified names (CapitaLand Ascendas REIT, Mapletree Industrial Trust, CapitaLand India Trust).


<ul><li>Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools &amp; parts used in the assembly and wafer fabrication processes of the semiconductor industry.</li><li>It has five operating facilities located in Singapore, Malaysia, China, the Philippines, and the U.S., and serves more than 600 customers as at 30 September 2025.</li><li>Besides designing &amp; manufacturing consumable tools &amp; parts used for the assembly &amp; testing of semiconductors, MMH also produces parts for Wafer Fabrication Equipment (“WFE”).</li></ul>

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools &amp; parts used in the assembly and wafer fabrication processes of the semiconductor industry.It has five operating facilities located in Singapore, Malaysia, China, the Philippines, and the U.S., and serves more than 600 customers as at 30 September 2025.Besides designing &amp; manufacturing consumable tools &amp; parts used for the assembly &amp; testing of semiconductors, MMH also produces parts for Wafer Fabrication Equipment (“WFE”).

Company Update: Micro-Mechanics (Holdings)

Singapore

Micro-Mechanics designs, manufactures, and markets high-precision parts and tools for process-critical applications in the semiconductor, medical, and aerospace industries. Their products include die-attach, wire-bonding, and encapsulation tools, alongside custom manufacturing of precision components. The company was founded in 1983 and is headquartered in Singapore.

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Micro-Mechanics (MMH SP)

Micro-Mechanics (Holdings) Ltd: Company Update (25 September 2026)

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools & parts used in the assembly and...

FPA Financial

10 in 10 with Micro-Mechanics – Building a Next Generation Semiconductor Supplier

FY2026 revenue grew 15.8% to S$75.5 million, with gross margins at 51.6%, and net profit up 28.3% to S$15.9 million. Micro-Mechanics invested...

Singapore Exchange Ltd (SGX)

Micro-Mechanics (Holdings) Ltd: Company Update (7 August 2026)

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools & parts used in the assembly and...

FPA Financial

Investing in Data Centres

Data centres are valued based on secured power, execution capability, and regulation, not location or floor space. Six SGX-listed vehicles offer...

Golden Section Capital

Company Update: Micro-Mechanics (Holdings)

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools & parts used in the assembly and...

FPA Financial

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Micro-Mechanics (Holdings) Ltd: Company Update (25 September 2026)

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools & parts used in the assembly and...

FPA Financial

10 in 10 with Micro-Mechanics – Building a Next Generation Semiconductor Supplier

FY2026 revenue grew 15.8% to S$75.5 million, with gross margins at 51.6%, and net profit up 28.3% to S$15.9 million. Micro-Mechanics invested...

Singapore Exchange Ltd (SGX)

Micro-Mechanics (Holdings) Ltd: Company Update (7 August 2026)

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools & parts used in the assembly and...

FPA Financial

Investing in Data Centres

​Data centres are valued based on secured power, execution capability, and regulation, not location or floor space. Six SGX-listed vehicles offer...

Golden Section Capital

Company Update: Micro-Mechanics (Holdings)

Micro-Mechanics (Holdings) (“MMH”) is a company that designs, manufactures and markets high-precision tools & parts used in the assembly and...

FPA Financial

Data centres are valued based on secured power, execution capability, and regulation, not location or floor space. Six SGX-listed vehicles offer...