@shanid , is there any investor presentation or AGM concall recording or any anlyst call recordings ?
Most the videos that are there are very generic in nature not giving much insight about. I understand the current promoter is managing other businesses as well (he is being the top on the org chart )
Unless company opens up and allow investors to understand more about them it is hard to gain the traction. I have seen this very closely with RACL geartech. Less than 12 months ago only the promoters started investor calls.
There is no doubt the story looks interesting but not enough data or insight available in the public domain to know it better.
it is important for a small cap company to show it is promoter friendly if it really is. Small caps do not generally get the same respect as mid caps or large caps.
Detailed Investor presentations and concalls can help investors understand the company and the promoters to get an āout of the boxā insight for free which can turn fortunes for the company at times.
I am happy that majority of the dividend is shared and that the foreign subsidiaries get little bit of coverage in the results. But ASM can do much better.
Hope they start concalls and investors presentations.
These things I have taken up with promoter during AGM , and he had agreed on conducting a concall very soon. But somehow not happend till now.
What I make out of this is, promoter is old school type, also donāt want to disclose many things related to client names and project etc. There could be restrictions from client side also to maintain the confidentiality stuffs. Things will change when the company scale up its operations and promoter will definitely come out and speak to Investor community as he has skin in the game and never diluted equity in last 15-20 years.
We should also note that promoter has two sons younger one is a professional racer and a brand ambassador of smartfix 4.0.The elder one recently quit his USA job and come back to India and joined ASM tech. So things should change with the involvement of these guys, both of them directly holds stake in ASM tech.
Is this something that will compete with smartfix 4.0?
This could be considered a complementary situation but looking at the size of Forms and Gears, panasonic can cannibalize The business from ASM technologies.
Smartfix 4.0 is the result of capabilities of two different companies, Forms and gears manufacturing expertise and ASM techās design expertise.
MNC company like Panasonic can definitely offer similar design capabilities but may not have such a manufacturing tie up.
ASM tech still not commercialised this product so there is no point worrying about the competition as of now, let us worry about the execution capabilities of the management and track it closely.
ASM tech had sharp run up post Govt roll out of PLI scheme for semi conductor manufacturing in India. We have discussed the facts associated with semi conductor stuffs in detail in the thread at various parts. Let me put it in together so that boarders can have a better understanding.
One of the top client of the company is Applied materials, they are a semi conductor major from the USA. They also have RnD centre in India. It is their second big RnD wing in the world. Currently they are planning to expand India operations.
ASM has over 2000+ Person years of experience in serving reputed Semiconductor Equipment Manufacturing Companies. ASM has the expertise and understanding of design and development of System and Sub Systems of PVD, CVD, RTP, Etch, CMP and Inspection tools.
Other than designing and other works ASM also does DLM - design led manufacturing for Applied materials. (Please read the AGM notes).
Wafer metallisation packaging is the technology company have capability as per company website.
These are the facts associated with ASM tech. How company will benefit out of these is a thing to watch and need to monitor closely.
This will be better if company come out of hibernation and talk with investor community to clear the air and avoid speculations.
Disclosure : Continue to hold from low levels with good allocation. Not sold a single share.
Applied materials does not directly make semiconductors. They supply equipment to manufacture semiconductor and supply to almost all major players like TSMC, Intel, Samsung etc
As per below doc, ASM does some work to support Applied materials equipment.
We started this thread one year back when this company was trading at 80 cr marketcap. Today this is trading at 835 cr marketcap more than 10x in short span of time.
All the business segments this company operates experiencing huge tailwinds be it Semi conductor, EV or fixture manufacturing. I feel market figured out this company at inflection point and re-rated it massively.
I remain invested here, and looking forward for the promoter to come out and speak to investor community , high time they do it as they are no more small company in terms of marketcap.
Interesting, 10x gains in 1 year with almost no change in Shareholding structure, wonder who is buying and who is selling or is it just going in circlesā¦
ASM tech holds some minority stake here other than this ASM tech also has working collaborations with this startup. They started an excellent centre in bangalore one year back.
This startup selected under google startup accelerator programme. There are 20 startups selected for this programme.
