Positive catch-up seen in coming quarters

PublicInvest Research expects earnings contribution of at least RM12mil from Accurus based on a pro-rated basis for FY21.

KUALA LUMPUR: MI Technovation Bhd is confident of maintaining its profit after tax margin of over 20% of for the full financial year ending Dec 31 (FY21).

There is expected to be a strong catch-up in the subsequent quarters, driven by increasing semiconductor equipment sales and new earnings contribution from its recent acquisition of Taiwanese firm Accurus Scientific Co Ltd.

The company’s semiconductor equipment products are mainly focused on the telecommunication industry for smartphones, tablets and wireless wearable devices as well as Internet of Things (IoT) industry for bluetooth and sensor applications, which require high functionality and mobility.