Business
Micro-Mech Automation Bearing Fruit
By Investment Moats  •  April 23, 2013
Reading Micro-Mech quarterly report have always been a pleasure because not many manufacturers put so much focus on providing that level of information to their shareholders or potential investors. Quarterly Report here. Micro-Mech have been having difficulties these  past 2 years due to a slow down in the semi-conductor business. But what I like about them are their focus on what is important and prioritizing long term cost sustainability. Particularly, they are focus on replacing man power with automation. This is an area where I think Singapore can develop to be as a manufacturing hub to improve productivity and make use of better train citizens. We weren’t sure how well the automation is working out but it seems to be bearing fruit.
  • Cost of sales was down 4.4% versus revenue down of 1.5%
  • Administrative expenses down 2.9%

Manpower getting expensive

Against this backdrop of slow industry growth, ...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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