Mixed growth prospects for Mi Technovation

PETALING JAYA: MI Technovation Bhd is expecting mixed prospects for its semiconductor equipment business unit (SEBU) and semiconductor material business unit (SMBU) in the coming quarters, according to CGS-CIMB Research.

The brokerage noted the outlook for SEBU was challenging due to cautious equipment spending from Mi Technovation’s customers amid uncertainty brought about by recent developments such as the ongoing Russia-Ukraine conflict, Covid-19 lockdowns in China and inflationary cost pressures.