External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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External broker reports(aggregated public sources)

Equity Bottom-Up

Mi Technovation Berhad / Equity Bottom-Up

<ul><li>Excluding the impact of i) foreign exchange (FX) gain (RM15.3m), ii) losses from minority interest in 70%-owned Mi Equipment Korea (RM2.1m) and iii) asset-related write-offs (RM1.3m), Mi Technovation posted core earnings of RM15.1m in the 1HFY23, down 26% YoY.</li><li>The results made up only 31% and 25% of our and consensus full-year forecasts, respectively.</li><li>On the positive side, the 2Q core results improved by 39% QoQ, indicating that the worst may be over for the semiconductor industry. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Excluding the impact of i) foreign exchange (FX) gain (RM15.3m), ii) losses from minority interest in 70%-owned Mi Equipment Korea (RM2.1m) and iii) asset-related write-offs (RM1.3m), Mi Technovation posted core earnings of RM15.1m in the 1HFY23, down 26% YoY.The results made up only 31% and 25% of our and consensus full-year forecasts, respectively.On the positive side, the 2Q core results improved by 39% QoQ, indicating that the worst may be over for the semiconductor industry. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mi Technovation -Seeing Signs of Recovery