Integrated Micro-Electronics was established on August 8, 1980, and registered its operations with the Board of Investments. It was also recorded with PEZA as an exporter of printed circuit board assembly, flip-chip assemblies, electronic sub-assemblies, box build products, and enclosure system.
Furthermore, the company provides solutions such as product design and development, test and systems development, power module assembly, and advanced manufacturing engineering.
Market Cap: PHP 32.06 billion
Sector: Industrial
Subsector: Electrical Components & Equipment
Subsidiaries:
- IMI International (Singapore) Pte. Ltd.
- IMI USA, Inc.
- IMI Japan Inc.
- Psi Technology Inc.
Earnings Highlights:
- Revenues rose by 29.30 percent to USD 1.09 billion in 2017 versus 2016
- The company earned a net income attributable to parent of USD 34 million last 2017
IMI released an official statement today reiterating that its net income for the first half of the year grew by 33 percent at USD 666.8 million.
The company also booked a net profit of USD 31.6 million. This income includes a one-time gain from the sale of its China property.
Excluding this gain, IMI’s net income is still higher by 28 percent. However, the weakness of the Euro and RMB, higher interest expenses, and effective interest rates had an adverse impact on the company’s bottom line.
Nonetheless, IMI was able to generate USD 154.2 million from acquired businesses for the first half of the year. VIA Optronics recorded USD 100.30 million, which is 51 percent higher than last year.
STI was also able to book USD 53.90 million which also boosted the company’s overall revenues.
Europe operations generated revenues of USD 170.10 million, 29 percent higher versus last year. The automotive business drove the recorded income.
Mexico posted revenues totaling to USD 46.90 million, higher by 17 percent. This is despite delays in the mass production of its new projects.
China revenues totaled USD 162.10 million, higher by 27 percent. During the first half of the year, China completed the share-sales transaction relating to the transfer of its Liantang facility to Shenzen.
The transfer resulted in a one-time gain of USD 11 million.
Philippine revenues totaled USD 136.0 million. The income was up 5 percent, mainly driven by the automotive camera business and new industrial applications. However, the declining demand in security and medical device business offset the revenue.
IMI appears to be trending strongly and is poised to mark a higher high on the short term. The 15 EMA is poised for a bullish crossover with the 20 SMA.
Both 15 EMA and 20 SMA may also do a bullish crossover with the 50 SMA. Volume, though, is not that convincing yet.
MACD is bullish. RSI is also bullish but is currently at neutral levels. Support is estimated at 13.40 while resistance is expected at 14.52 followed by 15.00.
Volume
As of July 27, 2018, at 03:30 PM, the volume of IMI is 160.83% of the previous trading day.
Remember the correlation between price and volume.
- bullish price + high volume = high sustainability (price)
- bullish price + low volume = low sustainability (price)
- bearish price + high volume = high sustainability (price)
- bearish price + low volume = low sustainability (price)
Risk Level
IMI has a LOW-RISK level due to its risk percentage of 37.48%.
Foreign Fund Flow
IMI registered a Net Foreign Buying worth P6,914,774.00 as of July 27, 2018.
On a 30-day trading period, IMI is on a Net Foreign Buying worth PHP77,487,450.00.
Top 10 Players’ Sentiment
Trading participants of IMI with a 100% Buying and Selling Activity as of Jul-27-2018 at 03:30 PM:
13 out of 31 participants or 41.94% of all participants registered a 100% BUYING activity
9 out of 31 participants or 29.03% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 14.3419
Top 10 Players’ Selling Average: 14.2906
The psychological average price of the top 10 players as of Jul-27-2018 is from 14.2906 to 14.2906.
What Is the Importance of Knowing the Top 10 Players’ Sentiment?
You need to know the psychological average price of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the buying average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the selling average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% buying activity.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% selling activity.
The buying and selling averages of the top 10 brokers are a sneak preview of the range of their collective average price.
If you know the psychological average price of the top 10 brokers who have traded a stock, you can calculate in your mind how much more can they probably afford to hold, relative to their collective risk tolerance, should the stock’s price go south.
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Not only do we tell them which stocks to buy and when to sell, but we also update them every day about what happened to each stock that we recommend.
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We show them our data-driven basis so they know what we know.
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When you ask our customers why they buy the stocks that we recommend, you better get your pen and paper handy.
They will not answer, “Because I was told to buy it.”
They will narrate our data-driven basis like how we narrated the summary of our analysis in this article.
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Read this article if you want to become a better investor, too.
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