math_of_money
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Memtech International
12-03-2015, 06:03 PM,
Post: #61
RE: Memtech International
It might just be a speculation, we shall see on Monday if there is coverage on memtech then. But of course if you value this counter well, kudos to you if it leads a positive impact on the share price. I feel that if you are comfortable with Ur own valuation of the company fundamental, it will be great to be vested. If the pump to the counter is significantly large, it might lead to a greater fall again if those short term trader were to sell off the holdings. If you are a value hunter probably you can hold on further till the value of memtech is fully realised. Just some thoughts

Find Reply
12-03-2015, 08:11 PM,
Post: #62
RE: Memtech International
Just announced a 5 to 1 share consolidation.

Find Reply
28-03-2015, 11:57 PM, (This post was last modified: 28-03-2015, 11:59 PM by BlueKelah.)
Post: #63
RE: Memtech International
hit a high of 12.2c today with good volume.
have not seen any analyst coverage yet.
looks like the fund collecting below 10c has finished accumulating and now pushing the share up.

hanging on for the ride to 20c ;D
"I love Taiwan"

Find Reply
13-04-2015, 11:22 PM,
Post: #64
RE: Memtech International
Not bad $0.14 liao.

If BB really collected at 10c, they will push this until it hits 20cents.
"I love Taiwan"

Find Reply
14-04-2015, 05:11 PM, (This post was last modified: 14-04-2015, 07:24 PM by BlueKelah.)
Post: #65
RE: Memtech International
Divested some today as yield has been compressed close to 4%+ and share has risen too high too fast..
"I love Taiwan"

Find Reply
14-04-2015, 09:16 PM, (This post was last modified: 14-04-2015, 09:17 PM by ngcheeki.)
Post: #66
RE: Memtech International
The following report from KGI Fraser may be the reason for the surge, Target Price 17 cents based on PE of 11x

SINGAPORE (April 14): KGI Fraser Securities has started coverage on Memtech International with a "buy" rating and 17-cent price target, pegged at 11 times projected 2015 earnings.

The Singapore-based maker of components and parts for the automotive and electronics industries is seeing a resurgence in business following years of struggle, according to KGI analyst Renfred Tay.

When smartphones with touch screens became popular, Memtech started a factory in 2008 to produce touch screens together with a Korean partner. But due to keen competition from Taiwanese manufacturers, the project failed to take off and was discontinued in 2013.

When the touch screen business languished, Memtech made inroads into the automotive component supply chain by leveraging on its expertise in making keypads. The ventured paid off.

"Memtech, as we see it today, is vastly different from the past," said Tay, noting that keypads for mobile phones now account for only about 10% of its revenue.

"Growth from automotive components together with the industrial and consumer electronics segments will outpace the decline in revenue from mobile phone keypads," he said.

"We have seen clear signs of this happening in 2014 and believe the trend is intact for the next couple of years."

Memtech's products include modules for key‐fobs (remote control keys) for car manufacturers such as Land Rover Jaguar and Honda, power-window buttons, gear-shift lifters and dashboard controls.

Its biggest customer is Kostal, a German company that develops advanced electronic and electromechanical products for leading car manufacturers.

Memtech generated core earnings of US$6.5 million ($8.9 million) last year, reversing a loss of US$4.4 million in 2013.

KGI expects its revenue to grow 9% to 13% over the next three years. Earnings are forecast to rise 20% in 2015, 24% in 2016 and 29% the following year.

Memtech shares were down 0.7% at 13.9 cents at 4:00pm (0800 GMT).

http://www.theedgemarkets.com/sg/article...kgi-fraser

http://www.remisiers.org/cms_images/Rese...g_Buzz.pdf

Find Reply
14-04-2015, 10:48 PM,
Post: #67
RE: Memtech International
haha this analyst last year reported for AMFraser now switch company to KGI.

"Although the growth rate in China has moderated in FY 2014, the Group will continue to face increased labour costs and labour shortage in FY 2015."

this is a risk that analyst failed to mention...
"I love Taiwan"

Find Reply
15-04-2015, 09:37 AM, (This post was last modified: 15-04-2015, 09:38 AM by kelvesy.)
Post: #68
RE: Memtech International
I believe the outlook for Memtech is such that it should trade near US 15.3 cts or SGD 20 cts. Dividends is also yummy.

Cheers for shareholders in Memtech. I am using AmFraser, it has been bought over by KGI. Hence, the name changed.

Find Reply
15-04-2015, 05:48 PM, (This post was last modified: 15-04-2015, 05:49 PM by ngcheeki.)
Post: #69
RE: Memtech International
Another Article from TheEdgeMarket. Is RHB going to initiate a coverage soon?


SINGAPORE (April 15): Is Memtech International the next Innovalues?

Some analysts clearly think so.

Just as Innovalues is seeing its business grow by leaps and bounds following its transformation into a precision engineering firm that makes automotive parts and components, Memtech can expect a resurgence in business as it scales down its keypad and touch-screen production operations to do the same, according to analysts from RHB Securities Singapore and KGI Fraser Securities.

Memtech's products include modules for remote control keys for car manufacturers such as Land Rover Jaguar and Honda, as well as power-window buttons, gear-shift lifters and dashboard controls.

The company has already made some headway in the automotive sector. It chalked up a net profit of US$17.2 million ($23.4 million) last year, reversing a loss of US$4.4 million in 2013.

The turnaround was driven by higher sales of automotive components and consumer electronic products, as well as a one-off gain from the liquidation of a subsidiary.

Of the US$137.6 million revenue generated last year, one-third or US$45.5 million came from the automotive business. This was up from US$29.9 million in 2013.

On its part, Innovalues earned $15.8 million last year, almost double the $8.7 million in made in 2013. Its revenue rose 9.2% to $108.5 million, of which 81% came from the automotive business.

"We believe Memtech will be a company to watch out for," RHB analysts Jarick Seet and Terence Wong wrote in a non-rated note.

"With the global automotive industry experiencing robust growth and the recovery in China and the US, we continue to expect strong revenue growth from its automotive business in the coming years."

Memtech used to be a major supplier of keypads to mobile-phone makers such as Nokia and Sony Ericsson. At its peak, the keypad business accounted for as much as 90% of its top line.

When smartphones became popular, Memtech started a factory in 2008 to produce touch screens together with a Korean partner. The venture folded in 2013 as it could not keep up with competition from Taiwanese manufacturers.

The company then sought its fortunes in the automotive industry, a move that is bearing fruit.

Its biggest customer is Kostal, a German company that develops advanced electronic and electromechanical products for leading car manufacturers.

"Memtech, as we see it today, is vastly different from the past," said KGI analyst Renfred Tay, noting that keypads for phones now account for only about 10% of its revenue.

"Growth from automotive components together with the industrial and consumer electronics segments will outpace the decline in revenue from mobile phone keypads," Tay said.

He expects Memtech's revenue to grow 9% to 13% over the next three years, and sees earnings rising 20% in 2015, 24% in 2016 and 29% the following year.

As its bottom line grows, shareholders can expect to be rewarded with higher payouts, according to the analysts, pointing out that Memtech has consistently been paying dividends, even when times were tough.

"The company was also never shy from paying better dividends when business was good," said Tay, who expects Memtech to pay 0.9 cent a share this year, up from 0.6 cent in 2014.

At its current price, Memtech shares trade at less than 0.7 times its 2014 book value and 4.5 times last year's earnings.

Innovalues shares, which more than tripled in value last year, trade at 2.9 times 2014 book value and 13.2 times earnings.

http://www.theedgemarkets.com/sg/article...iness-revs

Find Reply
15-04-2015, 07:07 PM,
Post: #70
RE: Memtech International
after collecting below 10c now they are all joining in the party to goreng this stock Big Grin
"I love Taiwan"

Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com |