MI Tech equipment ops set to rebound on higher shipment volumes


PETALING JAYA: Things are looking up for MI Technovation Bhd (MI Tech) as its equipment business and materials segment are poised to rebound in financial year 2024 (FY24).

CGS International Research said it expects the group’s equipment business revenue to rebound and grow 59% in FY24 (versus a decline of 4.7% in FY23), to be driven mostly by higher shipment volumes catering to mobile, wearables and high-performance computing industries.

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