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Memtech International
11-06-2014, 08:09 PM,
Post: #31
RE: Memtech International
(11-06-2014, 05:24 PM)psolhawk Wrote: Strange enough though that people are getting interested in Memtech again with no clear indication. Think people like the cash behind it?

I noted that Tesla is one of their new customers in the automotive industry and Tesla is really trying to make electric cars be adopted by more people. Not forgetting that Elon Musk, the brain behind Paypal Tesla SpaceX, has been very successful so far in all his ventures. Hopefully Memtech can benefit from Tesla's growth in the future.

For me cash is a main attraction. Also i think its getting much harder to find value on the SGX as un-noticed small caps are slowly getting noticed by the more savvy investors and funds in the market.
"I love Taiwan"

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12-06-2014, 02:21 AM, (This post was last modified: 12-06-2014, 02:23 AM by heifien91.)
Post: #32
RE: Memtech International
(11-06-2014, 08:09 PM)BlueKelah Wrote:
(11-06-2014, 05:24 PM)psolhawk Wrote: Strange enough though that people are getting interested in Memtech again with no clear indication. Think people like the cash behind it?

I noted that Tesla is one of their new customers in the automotive industry and Tesla is really trying to make electric cars be adopted by more people. Not forgetting that Elon Musk, the brain behind Paypal Tesla SpaceX, has been very successful so far in all his ventures. Hopefully Memtech can benefit from Tesla's growth in the future.

For me cash is a main attraction. Also i think its getting much harder to find value on the SGX as un-noticed small caps are slowly getting noticed by the more savvy investors and funds in the market.

Haha you invested in this counter too?

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ValueEdge - Opportunities Within Asia
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12-06-2014, 04:26 PM, (This post was last modified: 12-06-2014, 04:35 PM by BlueKelah.)
Post: #33
RE: Memtech International
Not yet, waiting to cash out of my other stocks. Recently bought a heap of powermatic data. Next on the list is Pci WHICH I have more confidence than memtech.

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12-06-2014, 05:21 PM,
Post: #34
RE: Memtech International
(12-06-2014, 04:26 PM)BlueKelah Wrote: Not yet, waiting to cash out of my other stocks. Recently bought a heap of powermatic data. Next on the list is Pci WHICH I have more confidence than memtech.

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haha heard of these counters but haven't looked deeper into it yet. perhaps these few days, thanks for the heads up. finished my draft copy on memtech and i must say it looks really attractive. though imo the fire incident in 2012 seems like some conspiracy theory lol.

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12-06-2014, 08:06 PM, (This post was last modified: 12-06-2014, 08:10 PM by BlueKelah.)
Post: #35
RE: Memtech International
Also not sure if the cash is really there or not as this is China based, ooh just realised it has gap up last few days.

Are any of you guys secretly accumulating??????


..not vested..

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13-06-2014, 09:23 AM,
Post: #36
RE: Memtech International
True..I cannot deny that. The only thing I could probably say would be in you notice most fraud chinese companies, they have a common few traits. They have large cash reserves coupled with poor cash generation/working capital management. They would also have regular one-off P&L ideas/M&A activities, regular capital raisings. You would also observe that the company undergoes fast growth. Furthermore, if we look at memtech, it does have quite a long history already. Haha you know any other common themes amongst chinese fraud companies?
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13-06-2014, 04:46 PM, (This post was last modified: 13-06-2014, 08:12 PM by BlueKelah.)
Post: #37
RE: Memtech International
The board directors look ok lah and run by taiwan and local people so should be ok. Good to vest when I have spare cash.
Woo looks like i may miss this one Big Grin up again now 10 cents liao...
"I love Taiwan"

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14-06-2014, 03:45 PM,
Post: #38
RE: Memtech International
imo, using cash as main criteria might be perilous at times, esp when one does not have a good grasp of the biz and its cycles if there are. cash could be used up rapidly eg for unventories, and what happens next. look at the case of nam lee. it was cash rich n got chased by cash seekimg investors, when cash dwindled, pple who got in at 40c n above are still nursing their wounds.
imo, cash is good but have to consider other factors n give adequate mos shd this cashhorde just disappears for some reason.

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14-06-2014, 10:31 PM, (This post was last modified: 14-06-2014, 10:31 PM by BlueKelah.)
Post: #39
RE: Memtech International
(14-06-2014, 03:45 PM)ianphoon Wrote: imo, using cash as main criteria might be perilous at times, esp when one does not have a good grasp of the biz and its cycles if there are. cash could be used up rapidly eg for unventories, and what happens next. look at the case of nam lee. it was cash rich n got chased by cash seekimg investors, when cash dwindled, pple who got in at 40c n above are still nursing their wounds.
imo, cash is good but have to consider other factors n give adequate mos shd this cashhorde just disappears for some reason.

Yes cash can be used up, but it is this build up of cash that has taken quite a while, just like consistent dividends, can be used as one of the useful gauge of management's conservativeness. Don't think anyone on this forum uses just cash alone for valuation.

In terms of cycles, nowadays with the global economy and so many macroeconomic factors, just cannot predict accurately. Only thing you can know is at the moment is business good or bad. Most of the time it is when business is bad you can buy the stock at a cheap price with high net cash and high NAV to market cap as margin of safety and hold a while to wait for the cycle to uptrend. Namlee, Hupsteel, AEH, SGH are all stocks I own, each with their own MOS and high net cash. In fact Namlee is still profitable and cash levels will go back up once they sell of the inventory they bought.

For memtech, 50% MOS in terms of the NAV is pretty good, not to mention the high net cash. So long no aggressive expansion planned in the future, and business is stable, profit will continue to come in. This company is one of the few value stock to pick up at the moment on the SGX, easily double to 20 cents if they decide to give some bonus dividends or even if business just continues to improve over next few quarters...

--not vested yet--
"I love Taiwan"

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16-06-2014, 09:35 AM,
Post: #40
RE: Memtech International
Positive news for Memtech, as one of their major clients start making inroads into China.

TESLA CHARGES INTO DEAL WITH SOHO TO POWER CARS IN CHINA

2014/06/16 BY MICHAEL COLE LEAVE A COMMENT

Tesla SOHO China
Tesla making its way into the China market
Tesla Motors continued to make inroads into the China market last week when it signed deals with real estate developers SOHO China and China Yintai Holdings to build charging centres in Beijing.

The high-end luxury car maker, whose Model S costs at least RMB 620,000 (US$100,000) locally, delivered its first eight electric sedans to customers in China last month. At the time, company CEO Elon Musk said Tesla would spend several hundred million dollars to put in place a nation-wide network of charging stations and service centres as fast as it could.

On Friday Tesla signed its deal with SOHO, the developer controlled by China real estate glamour couple Pan Shiyi and Zhang Xin to set up a charging centre in the company’s Zaha Hadid-designed Wangjing SOHO commercial complex which is planned to open this year.

Under the agreement between the car maker and the real estate firm, the new retail and office project will add nine Tesla charging facilities to support users of the eco-friendly luxury vehicles.

Tesla’s arrangement with the publicity-happy Beijing-based developer seems like a natural given SOHO co-founder Pan Shiyi’s history of demonstrating concern for the environment, and use of ecologically-driven elements in its projects

Earlier this year, Pan made a show of testing air quality levels on Shanghai’s subway during wide concerns over pollution in the country’s financial centre. The company’s Galaxy SOHO project which opened last year was designed to achieve a LEED Silver rating on the US green building scoring scale.

Charging Your Tesla in Beijing’s Poshest District

Earlier in the week, the Silicon Valley-based car producer had put in place a similar agreement with Yintai Holdings to set up a free charging facility at the developers Beijing Yintai Center on Chang’an Street in the capital’s central business district.

According to Yintai, the first phase of the agreement calls for the Center, which includes a shopping mall, office tower and the Park Hyatt Beijing, to provide 40 spaces with charging facilities for Tesla drivers. The agreement allows for the project to later expand to Yintai facilities in at least 30 other cities across China.

So far, the company has set up two supercharger stations in Shanghai to support its early buyers there. Another station in Wangjing, in northeast Beijing, is said to be due to start operations soon.

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