Homepage
PR Newswire
08-02-2015, 06:25 PM
All these months VB forumers have noted that Fischer Tech,together with another plastic molder Memtech International,have managed to turn their businesses around in recent years,due to their shift in emphasis from lower profit margin area like keypad manufacturing into the more lucrative automotive parts businesses,with a focus in China automotive industry.
Being vested myself due to the value proposition of Fischer Tech I was however concerned that the slowdown in China's growth will affect the automobile sales,which in turn affects the sales volume and margin of the automotive plastics parts supplier like Memtech International and Fischer Tech.
http://www.wsj.com/articles/chinas-autom...1421046195
Nonetheless,I will continue to remain vested because the CEO himself knows the true and reasonable value of the business,which is way above S$0.172/share,and that's why he desire to take the business private.
Meanwhile,I will take note of the profit attributable to the automotive sector when the Annual Report is released,and with subsequent quarters financial results.
Another question to the VB forumers who have been keeping track of both Fischer Tech and Memtech International(I have only taken note of this potential gem recently),if given a bullet now,which of these two companies will you buy,and why?
Being vested myself due to the value proposition of Fischer Tech I was however concerned that the slowdown in China's growth will affect the automobile sales,which in turn affects the sales volume and margin of the automotive plastics parts supplier like Memtech International and Fischer Tech.
http://www.wsj.com/articles/chinas-autom...1421046195
Nonetheless,I will continue to remain vested because the CEO himself knows the true and reasonable value of the business,which is way above S$0.172/share,and that's why he desire to take the business private.
Meanwhile,I will take note of the profit attributable to the automotive sector when the Annual Report is released,and with subsequent quarters financial results.
Another question to the VB forumers who have been keeping track of both Fischer Tech and Memtech International(I have only taken note of this potential gem recently),if given a bullet now,which of these two companies will you buy,and why?