Latest Forum Topics / Avi-Tech |
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Avi-Tech
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FTdrag
Member |
29-Dec-2021 20:29
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boss no around so can cheap cheap sell! drop pants price, quick quick buy!
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FTdrag
Member |
28-Aug-2021 02:43
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another avi link http://www.sharejunction.com/sharejunction/mobile_listMessage.htm?topicId=17116& recordCount=0
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FTdrag
Member |
28-Aug-2021 02:29
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agree. chip shortage should be rushing to burnin what. wait and see till no chip shortage than burnin sell to alien ar. high margin write so big... must have very rich customer. good net buffer means can continue to pay good dividends forever despite profit drop forever? M& A has been on the plate for years and restructing to buy the Sun over ar? covid got space travel restriction issit? now open liao, can fly alreadi what. or waiting for the Sun to come buy them? forever a laughing stock
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not_98percent
Senior |
26-Aug-2021 11:15
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...... no need to rely on voodoo-chart or ghost-houses. If you believe in the company ie the financials and biz esp the dividend-payout (aka yield) .... buy on conviction .................. open-secret that traders (not investors) does not believe. Make no mistake .... eg some/many buy into Fu Yu at $0.17 (or lower)  long b4 any coverage by ghost-houses and/or voodoo-chart appearing when certain ppl wants " confirmation" . 
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ETLee8
Master |
26-Aug-2021 10:53
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All the analysts any how write.  What has chip shortage to do with Avtech ? Its Burnin house should be full instead of excess capacity ???
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Joelton
Supreme |
26-Aug-2021 09:34
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&lsquo Wait and see&rsquo stance for Avi-Tech as it grapples with chip shortage: RHB
 
RHB Group Research&rsquo s Jarick Seet has maintained his &ldquo neutral&rdquo call on Avi-Tech Electronics after it saw a 41.7% drop in profit after tax & minority interests (PATMI) in its FY2020 ending June 30. 
 
In a Aug 25 report, Seet gave an unchanged target price of 42 cents, saying that the drop was due to the drop in its high-margin burn-in revenue.
 
This, in turn, stemmed from the chip shortage in the automotive sector. Seet writes, &ldquo we expect the chip shortage to last until 2QFY2022, and prefer to adopt a wait-and-see approach for now. The end of this shortage should be crucial for the recovery of its burn-in business.&rdquo
 
He adds that any upside will likely happen only in 2HFY2022, and as such &ldquo the outlook for the company&rsquo s burn-in business should remain muted.&rdquo
 
On the other hand, he says &ldquo a silver lining&rdquo can be found in Avi-Tech&rsquo s manufacturing and engineering segments, which grew by 27% and 13% YoY in FY2021. Seet believes this strong momentum will likely continue into FY2022. 
 
Despite the temporary downturn, he thinks that the company&rsquo s balance sheet is sturdy enough to withstand this and enable the company to still pay &ldquo attractive dividends&rdquo to shareholders.
 
Avi-Tech declared an interim dividend of 0.5 cents a share, bringing its payout for FY2021 to 1 cent per share. &ldquo Management has always rewarded shareholders with attractive dividends, and Avi-Tech has a net cash buffer to do so, despite a drop in profitability, Seet highlights, &ldquo Going forward, we expect its FY2022 yield to be about 5% yield.&rdquo
 
Other than its attractive yield, Seet notes that Avi-Tech is actively exploring M& A opportunities and hopes to close a deal in the near future. 
 
&ldquo Any potential earnings-accretive M& As should be a positive for its growth outlook. With a net cash balance sheet and good dividends, we think that the company should navigate short-term headwinds easily.&rdquo  
 
He thinks its net profit may even rebound in 2HFY2022, when the chip shortage lessens or is cleared. 
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Joelton
Supreme |
16-Feb-2021 09:12
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Avi-Tech rating downgraded by RHB due to shortage of auto chips
RHB&rsquo s Jarick Seet has downgraded Avi-Tech from &ldquo buy&rdquo to " neutral" with a lowered target price of 42 cents from his previous target price of 52 cents. 
Seet highlighted that as supply chain disruptions have caused a global shortage of auto chips, he expects this to impact Avi-Tech Electronics&rsquo high-margin burn-in segment over the short term. 
 
In a   Feb 15 note, he notes that Avi-Tech&rsquo s 1HFY2021 performance was impacted by the shortage of chips for the automotive sector. 
 
This was due to supply chain disruptions, as well as increased margins for chip makers when they supply to other industries. For 1HFY2021, revenue and Profit after tax and minority interests (PATMI) declined by 19.1% and 62.8% y-o-y, respectively.
 
As such, Avi-Tech&rsquo s burn-in segment has been impacted negatively. &ldquo We expect this issue to persist for the next few months, and any upside would likely emerge only in 4QFY2021.&rdquo
 
As a result, he slashes his forecast of FY2021 earnings by 40% to reflect an expected 20% drop in burn-in revenue and lower margins for this segment. 
 
On the other hand, Avi-Tech has a strong enough balance sheet to withstand this temporary setback, and should still be able to pay attractive dividends to shareholders. 
Despite the drop in profits, the company still declared an interim distribution per share (DPS) of 0.5 cents, and we expect a one cent per share payout at the end of the financial year, as management has always rewarded shareholders with attractive dividends.
 
Seet noted that Avi-Tech has a net cash buffer to do so, despite the decline in profitability, and as such, forecasts 4% yield for FY2021.
 
In the meantime, he reveals that management is actively exploring M& A opportunities, and hopes to close a deal in the near future. Any potential earnings-accretive M& A should be positive. 
With a net cash balance sheet and good dividends, he thinks that the company should successfully withstand this short-term setback, and earnings may rebound in 4QFY2021 or FY2022.
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lifeisgood
Supreme |
09-Mar-2018 11:55
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Obviously not the same industry. Just saying his track record not so good. When he recommends, I become extra vigilant. 
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Wind22i
Supreme |
09-Mar-2018 11:51
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G invacom is not in the same industry/sector as avitech and AEM though...
Now u see that sector is hot..aem now $7.35! |
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lifeisgood
Supreme |
09-Mar-2018 11:14
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I can think of an example like G Invacom. Conviction buy list. Target price 26 cents. Now 13 cents. Then coverage dropped at end of 2017.
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Wind22i
Supreme |
09-Mar-2018 11:13
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Well maybe this time he is right...
The company looks good..financially that is |
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lifeisgood
Supreme |
09-Mar-2018 11:11
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Avi Tech is in the buy list of RHB Jarrick Seet. But in the past, many of his calls went to Holland. Then he promptly dropped coverage. So got to be careful. | ||||
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Wind22i
Supreme |
09-Mar-2018 11:07
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Still cheap.. | ||||
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Reo_Reo
Member |
27-Feb-2018 00:20
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i added some at the breakout. this time should be able to break the 0.555 resistance. only worry is abit overbought | ||||
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lifeisgood
Supreme |
26-Feb-2018 20:27
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Today no chance to buy cheap. Must wait for Dow Jones correction then got chance to load up more. 
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Wind22i
Supreme |
26-Feb-2018 17:20
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Its coming to life after seeing aem goes to $6..
This one is still cheap |
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lifeisgood
Supreme |
26-Feb-2018 15:54
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$1.00
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T-Gunner
Member |
26-Feb-2018 15:49
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Lotsa upside to this counter | ||||
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Wind22i
Supreme |
26-Feb-2018 15:03
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The next AEM ? | ||||
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not_98percent
Senior |
26-Feb-2018 12:31
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This counter should take-off ............... with good biz volume and fundamentals  at least for the 1st half of 2018 ..... with or without any internal Management purchasing the stock.  Of course with internal Management buying, the signal is obvious. |
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