[New post] CIMB: Mi Technovation – ADD TP RM5.00 (Previous RM5.20)

alanyeo posted: " New expansion requires gestation period We expect weaker qoq revenue and PAT in 4Q21F due to deferment in equipment delivery and start-up costs for its new overseas operations.We cut FY21-23F EPS, but project stronger FY22F earnings, driven by new lau" New post on Alpha Edge Investing CIMB: Mi Technovation – ADD TP RM5.00 (Previous RM5.20) by alanyeo New expansion requires gestation period We expect weaker qoq revenue and PAT in 4Q21F due to deferment in equipment delivery and start-up costs for its new overseas operations. We cut FY21-23F EPS, but project stronger FY22F earnings, driven by new launches and maiden contribution from overseas units. Retain Add, RM5 TP. Key takeaways from 3Q21 […] Read more of this post alanyeo | November 3, 2021 at 4:18 pm | Tags: Mi Technovation | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-5P9 Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/11/03/cimb-mi-technovation-add-tp-rm5-00-previous-rm5-20/