Integrated Micro-Electronics Inc (PHS:IMI)
₱ 1.77 -0.03 (-1.67%) Market Cap: 3.92 Bil Enterprise Value: 18.56 Bil PE Ratio: 0 PB Ratio: 0.28 GF Score: 62/100

Q1 2019 Integrated Micro-Electronics Inc Earnings Call Transcript

May 02, 2019 / 02:00AM GMT
Arthur R. Tan
Integrated Micro-Electronics, Inc. - Vice Chairman & CEO

(technical difficulty)

So, I guess, that's now reflecting into the actual growth performance of the U.S. market itself, which is also slowing down. There's also a the policy change that has been occurring (inaudible), especially in the market where we serve, where there's now a drive for more accountability in terms of climate change being in close with the rest of the world, unless of course, it's not aligning itself to that. However, the manufacturers are -- they are in spite of the U.S. challenging that now.

So if you look at the individual work, the global auto market sales slipped down to 0.3% in 2019. Actually, China car sales dropped by 12% in March following an 18.5 drop in February, so this was a 10th straight month decline in China due to slowing economy and trade tension with the U.S. Recovery may have happened in May or June this year, and that's something that we are also anticipating. And one of the things that I mentioned that this month directly put together, that the China market itself also had

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot