Homepage
PR Newswire
01-03-2020, 12:55 PM
Man Yue Technology Holdings Limited is a Chinese manufacturer of capacitors, founded in 1979 and listed in the Hong Kong Stock Exchange since 1997. It markets its products under different brands, including SAMXON, X-CON, XLPC, and ANGA POW. (Source:Wiki)
It is trading at 0.1x P/B and 4.x P/E ! Is it a ultra undervalued stock ?
Its earnings is rather sporadic in the last 5 years but profitable in the last 2.
According to the IR/AR, the trade war between China and the United States has affected the company's business in FY2019, albeit 1H2019 EPS is profitable. However, more and more applications require the use of capacitors and Man Yue has remained as a major supplier of several critical electronic components.
Perhaps it cld be worth looking at for investors with a gd knowledge of the semiconductor industry(me not yet unfortunately) or maybe in the right phase of the semiconductor cycle.
http://www.manyue.com/UserFiles/File/2018_ar.pdf [AR]
It is trading at 0.1x P/B and 4.x P/E ! Is it a ultra undervalued stock ?
Its earnings is rather sporadic in the last 5 years but profitable in the last 2.
According to the IR/AR, the trade war between China and the United States has affected the company's business in FY2019, albeit 1H2019 EPS is profitable. However, more and more applications require the use of capacitors and Man Yue has remained as a major supplier of several critical electronic components.
Perhaps it cld be worth looking at for investors with a gd knowledge of the semiconductor industry(me not yet unfortunately) or maybe in the right phase of the semiconductor cycle.
http://www.manyue.com/UserFiles/File/2018_ar.pdf [AR]