MFG Integration Tech

MFG Integration Tech: Corporate news on the manufacturer and distributor of automated equipment for the semiconductor industry is thin, with the most recent being its 1H13 results on 5 Aug. 1H13 incurred a net loss of $4.1m, caused by the weak market for the semiconductor equipment worldwide. Group expects the sluggishness of the industry to bottom in 2H. The Company is positioning itself for the anticipated recovery in 2014 with our new range of equipment to cater to customers’ new advanced packaging requirements. Today’s share price action looks like investors may be taking profit after the unexplainable share price spike of 36% over the 18-25 Nov period, as the counter moves back to the $0.07 level before the run.