Friday 29 Mar 2024
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SINGAPORE (Aug 3): Maybank KimEng likes Manufacturing Integration Tech (MIT) for issuing a positive guidance for 1H17 and is expecting the group to return to profitability on resumption in orders.

In a unrated report for retail investors, analyst Teh Kwong Yew says, “The turnaround is supported by the upturn in the global semiconductor industry and impending new handset launches, particularly Apple’s iPhone 8.”

MIT reported a net loss of S$5.5 million, following a downcycle in FY16 but the analyst anticipates...(click on link for full story on theedgesingapore.com)
 

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