Added to YB: 2026-04-28
Pitch date: 2026-04-25
5DD.SI [neutral]
Micro-Mechanics (Holdings) Ltd.
+1.23%
current return
Author Info
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Company Info
Micro-Mechanics (Holdings) Ltd. designs, manufactures, and markets precision parts and tools for the wafer-fabrication, assembly, and testing processes of the semiconductor industry.
Market Cap
SGD 450.4M
Pitch Price
SGD 3.25
Price Target
6.30
Dividend
1.85%
EV/EBITDA
17.63
P/E
34.09
EV/Sales
6.25
Sector
Semiconductors and Semiconductor Equipment
Category
value
Micro-Mechanics: After a +97% rally, is it too late to buy?
5DD.SI (holding update): After +97% rally, maintaining position. Q2'26 rev +15% YoY (vs +3% Q1), WFE parts recovered (+6% vs -15% Q1), consumables +17% YoY. Rush orders increasing, inventory restocked after quarters of destocking. High ROA ~14%, mission-critical low-ticket consumables create switching costs. Est intrinsic value SGD 3.20 vs current SGD 3.24. Concerns: memory cycle ASP at record highs, capex growth peaked Jun'25, historical precedent shows ASP collapse follows. Seeking rotation to better opportunities.
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