Mi Technovation Berhad (Mi Tech) has seen a decent start to 1Q24 following its 68% appreciation over the past 12 months. Mi Tech’s current valuation is already at a 25% premium over its pre-Covid mean. Given its subdued FY24-26F ROEs of 8-9% (FY18-20 average: 14.3%), further stock re-rating is unlikely. CGS International, in its Company […]
Mi Technovation Berhad (Mi Tech) has seen a decent start to 1Q24 following its 68% appreciation over the past 12 months. Mi Tech’s current valuation is already at a 25% premium over its pre-Covid mean. Given its subdued FY24-26F ROEs of 8-9% (FY18-20 average: 14.3%), further stock re-rating is unlikely. CGS International, in its Company […]