MARKET HEADLINE: SHORT SELLING BY OCTOBER

Integrated Micro-Electronics, Inc.
(05-20-2017, 10:20 AM)goldcambist Wrote:
(05-20-2017, 09:08 AM)jobeth2000 Wrote:
(05-11-2017, 08:01 PM)goldcambist Wrote: How's everyone's $IMI :-)

Huh Still holding

did you get at the highs?

7.02 Average
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FVE @ 15.10 ( per COL )...hold nga muna Smile...
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got it @ 14.95 na ..sana mag up pa ... nut nutnut
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...ang dami kong shares dito dati, nalipat sa CAL ayun naipit buset

IMI’s Revenue Grew 29%

Integrated Micro-Electronics Inc. (IMI), one of the leading global manufacturing solutions experts, today announced that it posted $795.2 million revenues for the nine months of 2017, an increase of 29 percent year-on-year on positive effects of recent acquisitions and rising demand in the automotive and industrial segments. Net income also improved by 16 percent to $24.1 million compared to last year.


source: http://edge.pse.com.ph/openDiscViewer.do...jj0nO.dpbs
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...laki kita ah Tongue

New acquisitions lift IMI’s Q3 profit

INTEGRATED Micro-electronics, Inc. (IMI) booked a 20.6% increase in earnings in the third quarter of 2017, pushed by the positive performance of its recent acquisitions as well as the overall growth in the automotive sector.

The electronics arm of Ayala Corp. reported a net income attributable to the parent of $7.05 million in the July to September period, higher than the $5.85 million it realized in the same period in 2016.

This follows a 43% increase in revenues to $294 million, from $205 million a year ago.

“IMI today is different from the IMI more than ten years ago in the way we do things. We are now in the forefront of taking electronics to the next level penetrating high reliability markets and moving forward to a more advanced automotive electrification and autonomous driving,” IMI Chief Executive Officer Arthur R. Tan was quoted as saying in a statement.

Including the company’s first half earning results, IMI’s attributable profit jumped to $24.09 million in the nine months ending September, 15% up from the same period in 2016. Revenues for the period meanwhile grew 29% to $795.2 million.

The company attributed the increase to a rise in the demand for its automotive and industrial products. Its operations in Europe and Mexico for instance saw a 15% year-on-year growth in revenues in the January to September period due to higher demand for automotive lighting.

IMI further noted ongoing expansions and product introductions in the Mexico market that is helping support demand for its North American operations.

Revenues from China grew at a minimal 1%, as the company saw softer demand under its telecom infrastructure business. This however was offset by the growth in both automotive and industrial segments.

In the Philippines, revenues came in at $197.9 million, 4% higher year-on-year, riding on the back of new industrial applications.

The company’s acquisitions for 2017, which include VIA Optronics and STI International, contributed a total of $136.2 million for the period.

“We continue to gain momentum as the synergetic effects of our recent acquisitions kick in. As IMI builds its competence around the next generation of technologies in high value markets, we will be more involved in the ever evolving global value chains in the automotive, industrial, and aerospace markets,” IMI President and Chief Operating Officer Gilles Bernard said in a statement.


source: http://bworldonline.com/new-acquisitions...q3-profit/
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...stock rights? patay Tongue laglag 'to gaya nila MBT RLC

IMI’s P5-B stock rights offer gets PSE approval

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) has bagged the Philippine Stock Exchange (PSE)’s nod to proceed with its P5-billion stock rights offer (SRO). 

In a disclosure to the stock exchange on Wednesday, the listed electronics manufacturer said the bourse has approved the issuance last Jan. 24.

IMI looks to offer up to 350 million common shares to eligible shareholders from Feb. 19 to 23.

One rights share will be made available for holders of at least 5.3351 common shares in the firm, as of Feb. 14. The offer price is set to be disclosed on Feb. 7.

IMI’s parent, AC Industrial Technology Holdings, Inc., together with Resins, Inc., owning an aggregate of 63.46% of the company, will exercise their right  to the participate in the offer should there be unsubscribed rights shares left after the mandatory second round of the SRO. 

Proceeds of the SRO will be used to finance the company’s capital expenditures and to refinance its debts. 

The company has engaged BPI Capital Corp. to serve as the issue’s manager, book runner, and underwriter.

Incorporated in 1980, IMI is the electronics manufacturing arm of Ayala Corp. Its main products and services include design and engineering solutions, supply chain solutions, manufacturing solutions, business model capabilities and solutions, power semiconductor assembly and testing, and global materials and supply chain management. 

The conglomerate has been ramping up its manufacturing portfolio since AC Industrials was formed in 2016. Ayala President and Chief Operating Officer Fernando Zobel de Ayala previously said that its venture into the automotive and manufacturing sector would help sustain profitability, as well as allow the company to maximize synergies with existing businesses.

For its part, IMI has been expanding its business through acquisitions since 2016, where it struck a deal to acquire a 76% stake in German firm VIA Optronics Gmbh for €47.4 million. VIA specializes in optical bonding that aims to enhance the visibility and performance of display systems.

IMI in 2017 purchased an 80% stake in United Kingdom-based electronics manufacturer STI Enterprises Ltd. through its subsidiary, IMI UK Ltd. STI provides electronics design and manufacturing solutions in both printed circuit board assembly and full box-build manufacturing for high-reliability industries. It has manufacturing facilities in Hook and Poynton in the UK, as well as in Cebu.

IMI realized a 15% increase to $24.09 million in its net income attributable to the parent for the first nine months of 2017, following a 29% growth in revenues during the same period to $795.2 million.


source: http://bworldonline.com/imis-p5-b-stock-...-approval/
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...nice profits Tongue

New acquisitions boost IMI’s 2017 profit

EARNINGS of Integrated Micro-Electronics, Inc. (IMI) rose by more than a fifth last year after raking in record revenues buoyed by new acquisitions and the expansion of its automotive and industrial business.

In a disclosure to the stock exchange on Wednesday, the Ayala-led manufacturer pocketed $34.44 million last year, an increase of 21% from $28.02 million in 2016.

Revenues climbed 29% year on year to an all-time high of $1.09 billion from $842.97 million.

Europe delivered revenues of $276.50 million, up 14% year on year, on the strength of the automotive segment, while Mexico increased its revenue contribution by 29% to $84.20 million as projects for customers in North America reached new phases throughout the year.

China operations grew 4% to $271.10 million on the back of a broadened product mix that provided demand growth and differentiation despite the delay in new technology rollout in the telecommunications infrastructure business.

New industrial applications and automotive camera business pushed the revenues from Philippine operations by 4% to $263.7 million, compensating for the soft demand in the security and medical device business.

Revenues from acquired businesses — German optical bonding and display solutions provider VIA Optronics Gmbh and British electronics manufacturer STI Enterprise Ltd. — amounted to $193.9 million last year.

“The flexibility of our operations and seasoned expertise is a manifestation of our readiness to face the challenges in a competitive environment,” IMI President and Chief Operating Officer Gilles Bernard was quoted in a statement as saying.

“As we undergo major disruptive changes, our industrial excellence will help tailor our offerings more precisely while also preserving our margins.” Mr. Bernard added.

IMI is set to undertake a P5-billion stock rights offer to finance the company’s capital expenditures and to refinance its debts.

Incorporated in 1980, IMI is the electronics manufacturing arm of Ayala Corp. Its main products and services include design and engineering solutions, supply chain solutions, manufacturing solutions, business model capabilities and solutions, power semiconductor assembly and testing, and global materials and supply chain management.


source: http://bworldonline.com/new-acquisitions...17-profit/
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4-9

IMI Now Ranks 18th on Top EMS List

Integrated Micro-Electronics Inc. (IMI) announced that it now ranks 18th in the latest Manufacturing Market Insider’s top 50 list of EMS companies in the world based on 2017 revenues. 

The company has moved up from its previous rank of 20th in the list for 2016. 

IMI recorded $1.1 billion in global revenues for 2017, a 29% year-on-year growth. 

Manufacturing Market Insider is the first and only publication dedicated to contract manufacturing of electronics. 

About IMI 

Integrated Micro-Electronics Inc. (IMI), the manufacturing portfolio of AC Industrial Technology Holdings, Inc., a wholly-owned subsidiary of Ayala Corp. is among the leading global manufacturing solutions providers in the world.  IMI now ranks 18th in the list of top 50 EMS providers in the world by the Manufacturing Market Insider, based on 2017 revenues. In the automotive segment, it is the sixth largest EMS provider in the world per New Venture Research. 

IMI specializes in highly reliable and quality electronics for long product life cycle segments such as automotive and industrial electronics. 

For the automotive segment, IMI delivers customized solutions for safety and security, among others. It supplies cameras that are integral technology to the advanced driver assistance systems (ADAS). For the industrial segment, it manufactures security and access control devices, power modules, and building automation, among others. From its manufacturing plants in the United States, Mexico, Bulgaria, Czech Republic, Germany, China, United Kingdom and the Philippines, IMI provides engineering, manufacturing, and support and fulfillment capabilities to diverse industries globally


source: http://smt.iconnect007.com/index.php/art.../?skin=smt
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4-10

Ayala's IMI forges touch sensor venture in Japan


MANILA - Ayala Corp's electronics unit, Integrated Micro-Electronics Inc (IMI), said Tuesday it formed a joint venture with a Japanese company to manufacture copper-based touch sensors.

Japan's Toppan Printing Co Ltd will transfer 65 percent of its shares in the newly-formed Toppan Touch Panel Products Co Ltd to VIA Optronics GmbH, a unit of IMI, the Ayala subsidiary told the stock exchange.

The joint venture company will be called VTS Touchsensor Co, IMI said.

5 big corporate mergers and acquisitions in PH in past year
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"VIA, together with Toppan, will continue to grow the business in all market segments, extend touch sensor production line capacity of VTS and continuously develop the technology itself," IMI said.

IMI bought a 76 percent stake in Germany's VIA Optronics in September 2016, allowing it to branch out to automotive cameras and display monitors.


source: http://news.abs-cbn.com/business/04/10/1...e-in-japan
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5-15

IMI, MAC join MSCI Small Cap Index

IMI COO Gilles Bernard announces nearing completion of IMI’s facility in Serbia, its 20th factory across the globe

Ayala-led Integrated Microelectronics Inc. (IMI) and Lucio Tan group-led MacroAsia Corp. (MAC) will join the MSCI Global Small Cap Indices as of the close of trading on May 31.

On the other hand, Lopez Holdings will be stricken off the same index, based on an announcement from MSCI.

“The takeaway is that although there should be some initial exuberance for IMI and MAC today, caution should be taken in further days as this could turn into a sell on news scenario for others,” local stock brokerage Papa Securities said on Tuesday.


source: http://business.inquirer.net/250863/imi-...-cap-index
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