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06-02-2017, 04:34 PM
(06-02-2017, 02:53 PM)punklitez Wrote:(06-02-2017, 02:20 PM)ksir Wrote:Great set of results. Very pleased with its performance. I have been holding this stock for 2 years +. In fact, it's the first stock that i have initiated on my blog.(06-02-2017, 01:15 PM)cyclone Wrote: Micro-Mechanics Posts 23.5% Jump in Net Profit to S$3.4 Million in 2Q17
* Group revenue increased 16.3% to reach a record S$14.2 million in 2Q17
* Net profit margin improved to 23.7%
* Paying a higher interim dividend of 3 cents per share on 27 February 2017
* Maintains sound financial position with cash of S$21.0 million and zero borrowings
* Total assets of S$61.4 million, shareholders’ equity of S$51.4 million.
More details in http://infopub.sgx.com/FileOpen/MMH-SGXn...eID=438023
The strong quarterly top line is rather surprising. IIRC, it's not only the strongest Q2 revenue but also strongest Quarterly revenue ever. Generally Q2 & Q3 are "low" season hence the result is unexpected. Not sure if the seasonal nature no longer applies. We shall wait and see.
<vested, one of the rare counter that I ever averaged-up>
[vested]
I do not think the result is great. It is work in progress and have to wait and see the results of at least 4-5 quarters ahead.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".