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Memtech Intl - Strong Turnaround Gem
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lifeisgood
Supreme |
30-Mar-2015 09:25
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Memtech 50 days MA above its 100 and 200 days MA. Bullish. So uptrend should continue. |
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lifeisgood
Supreme |
30-Mar-2015 09:22
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Memtech chart is breaking out. Very strong! |
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bryancbq
Master |
27-Mar-2015 23:33
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Donno how high will it go. Lucky i got in at 108 on monday. Small small nia though. | ||||
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Newlearner
Veteran |
27-Mar-2015 20:34
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Nice! Broke 119, closed 121 with decent 4m volume... Illiquidity counter
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think2profit
Master |
26-Mar-2015 14:47
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Seem to be BBs start to buy.....up from 10.8c on mon. :)
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Newlearner
Veteran |
25-Mar-2015 21:39
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Bb stirring? | ||||
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think2profit
Master |
23-Mar-2015 16:36
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Hi hannyhanny, Yes, there was a one time gain in 3Q14. The key is the strong revenue & earning growth in 4Q14 and mgt guidance of better 2015, with a 5.5% div to be collected soon in May 15. Cheers
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hannyhanny
Senior |
22-Mar-2015 11:22
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Hi Thinkprofit, I noticed the company booked a one-time net gain for liquidaition of subsidiary, excluding which the earnings per share is about 0.9 us cents. Nevertheless, looks like the company is having turnaround and with mgt guidance that 2015 could be better, it could be a stock to look out for. Thanks.
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think2profit
Master |
22-Mar-2015 08:57
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bryancbq, Memtech has been steadily growing over last 6 quarters after getting ride of the touch screen biz and focusing on automotive and telecom areas. The strong growth in 4 qtr, mgt guidance of even better 2015, the 0.6c div in May (like 5.5% further discount) and the retracement after recent price spike are strong reasons for accumulation. An easy target for BBs to play. Cheers! |
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bryancbq
Master |
21-Mar-2015 08:54
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Nice! Probably get back in. Hahaha
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think2profit
Master |
20-Mar-2015 23:53
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tomhanks, One of my investment strategies is to look for company that shows a good turnaround in biz and wait for a price spike as it usually signals the BBs are coming in. Once price retraced, it presents a good starting point for entry. Fluctuation at this stage is normal as BBs try to shake off traders and also weak shareholders in order to accumulate large amount shares at cheapest price possible. Ignore the noise and focus on the big picture. In this way, you can build up a portfolio of multi-baggers. hope this helps?
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think2profit
Master |
20-Mar-2015 23:37
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bryancbq, It is not a s-chip but a singapore company founded by a group of Taiwanese and Singaporeans see below: [Extract fr AR: MEMTECH is a global components solution provider working with our partners in the business of Automotive Components, Industrial & Medical, Mobile Communications and Consumer Digital devices. We are a Singapore-based company with three manufacturing sites in P.R.China: Dongguan, Kunshan & Nantong. Besides a wide network of sales & engineering offices in PRC, we also have offices in Germany, Japan, Korea, U.S.A and Taiwan to support our global reach of products & services.] Its executive chairman, Chuang Wen Fu is a Taiwanese but probably is a Singaporean now after working many years in San Teh Ltd. He, together with his 2 sons (Chuang Tze Dey and Chuang Tze Mon) and several Memtech' s executives own Keytech Investment Pte Ltd (registered in Singapore) that owns 43.69% in Memtech Intl. They owns another 11.57% direct shares. See his profile below: [Extract from AR: Mr Chuang Wen Fu is our Executive Chairman. He was appointed to the Board on 27 November 2003. With more than 25 years of experience in the keypad industry, Mr Chuang is the key driver of the Group&rsquo s strategies, and is responsible for the overall management and operations of our Group. His experience in the keypad industry stretches back to 1982 when he was overseeing San Teh Limited&rsquo s entire keypad operations. Under his leadership, San Teh grew to become one of the leading keypad manufacturers with more than 5,000 employees. He retired as Managing Director in 1999 but still serves on the Board of San Teh. Mr Chuang holds a diploma in Science (Survey engineering) from Tamkang College of Arts and Science (now known as Tamkang University),Taiwan.]
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tomhanks
Master |
20-Mar-2015 15:48
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Reading from the financials, this stock is undebiably a good stock. Its the sharp price fluctuation thats a concern in such a dead market! |
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bryancbq
Master |
20-Mar-2015 15:34
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My only gripe with this is that its a s-chip. I bot ard 8.3c i think. Sold at 10.x during the spike. Thought abt holding it long term, but scared fraud. Cant have a peace of mind | ||||
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think2profit
Master |
20-Mar-2015 12:14
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tomhanks, Check out Innovalues and you will see that the same situation in Aug 2013, afte a spike to 13c and drifted down to 11.5c. in Nov 13, it started to charge up.....I think the same scenarios will work out here. A multi-bagger worth to take a bite bit by bit moving forwrd.
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tomhanks
Master |
20-Mar-2015 11:46
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.99 to .118 after results announcement and now on the slide back to .100?...Whats to make out of this fluctuation in such a short term against the positive results? And, the volume is in the low each day!!! |
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think2profit
Master |
20-Mar-2015 11:28
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Memtech Intl is presenting investors a superbly good buy opportunity given its steady turnaround. It would be the best tie to hold it with div of 0.6c (about 5.5% yield at current price) while waiting for discovery by the analysts to initiate covering, which I believe will happen given its recent price spike and volume expansion. It is currently trading at undemanding PE3.5 with a strong cash of S$42m about 6c per share. This enables Memtech to grow strongly in next few years and give out div over next many years, while protecting it from any hike in interest. Memtech has shown a strong growth in 4Q which has achieved a revenue of S$56m (a strong 22% growth qoq) with an earning of S$3.4m. Management also provided a positive forecast in her 4Q report for 2015: In FY 2014 the Group&rsquo s sales increased by 18% and the Group achieved a turnaround in net profit as compared to FY 2013. The improved performance was the result of the Group&rsquo s efforts in diversifying into the automotive industry and other business segments also contributed to the Group&rsquo s profitability. In FY 2015, the Group will continue to focus on building its automotive segment to increase the product portfolio. At the same time, the Group will continue to look for new business opportunities. Although the growth rate in China has moderated in FY 2014, the Group will continue to face increased labour costs and labour shortage in FY 2015. Barring unforeseen circumstances, the Group expects to improve its performance in FY 2015. All the three biz segments (automotive, telecom and consumer electronic) are showing strong growth. This is not surprising given its strong customer base. For examples its automotive customers include renowned players such as VW, General Motor, Tesla, Denso, Kostal, Hella, Magna and Lear while its telecom/CE customers are players such as Huawei, Lenovo, Samsung, Netgear, Celestica, etc. Memtech seems to have a bright future at super low price. And, we are about to collect a div at 0.6c in May 15. Let&rsquo s buy bit by bit for it alongside the BBs. A scenario like that of Innovalue that ran up from 10c to 70c may not be very far down the road. Good luck! |
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