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Powermatic Data Systems
07-11-2019, 09:07 AM.
Post: #161
RE: Powermatic Data Systems
(06-11-2019, 08:16 PM)BlueKelah Wrote:
(06-11-2019, 06:40 PM)Dosser Wrote: Latest results, 1st half FY2020:

https://links.sgx.com/FileOpen/SGX_1HFY2...eID=584574

Very impressive surge in profits by 109%, to 16.87 c/share. 

Numbers that particularly caught my eye were:

Revenue up 64%
Cost of sales up 34%
Admin expenses up 19%

Now that is a tightly run ship.

Only managed to add 8 lots @ 2.42 the other day. Still quite thinly traded. Hoot some more tomorrow.. Too bad boss didnt announce any interim or bonus div leh...

1H 16c means FY likely 30c+. PE of 10 means $3 PE15 means $4.50. A few more analyst coverage PE20 means $6 liao lol...

Lets see if Mr. Tng jumps in and rerates to $3++ and maybe a few more analyst jumps in. With sexy 5G growth story and such impressive results, might just become the next market darling. (lets not forget boss is research on a secret project with likely Google)

Seems to me trade war may be blocking cheaper chinese competition and Powermatic is cleaning up Big Grin

Congrats to buddies. Was contemplating to buy when they posted the review on the property. The 1H results is mindblowing.

In some way this is "leveraged" returns on current market cap, since there is about $35m cash and $33m in fair value on the property. So the current 92m means the business is valued at $24m? that on annualised $9.488m net income (just 2x of net income excluding property). Makes me wonder why the price is not moving though.
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07-11-2019, 10:34 PM.
Post: #162
RE: Powermatic Data Systems
(07-11-2019, 09:07 AM)Squirrel Wrote:
(06-11-2019, 08:16 PM)BlueKelah Wrote:
(06-11-2019, 06:40 PM)Dosser Wrote: Latest results, 1st half FY2020:

https://links.sgx.com/FileOpen/SGX_1HFY2...eID=584574

Very impressive surge in profits by 109%, to 16.87 c/share. 

Numbers that particularly caught my eye were:

Revenue up 64%
Cost of sales up 34%
Admin expenses up 19%

Now that is a tightly run ship.

Only managed to add 8 lots @ 2.42 the other day. Still quite thinly traded. Hoot some more tomorrow.. Too bad boss didnt announce any interim or bonus div leh...

1H 16c means FY likely 30c+. PE of 10 means $3 PE15 means $4.50. A few more analyst coverage PE20 means $6 liao lol...

Lets see if Mr. Tng jumps in and rerates to $3++ and maybe a few more analyst jumps in. With sexy 5G growth story and such impressive results, might just become the next market darling. (lets not forget boss is research on a secret project with likely Google)

Seems to me trade war may be blocking cheaper chinese competition and Powermatic is cleaning up Big Grin

Congrats to buddies. Was contemplating to buy when they posted the review on the property. The 1H results is mindblowing.

In some way this is "leveraged" returns on current market cap, since there is about $35m cash and $33m in fair value on the property. So the current 92m means the business is valued at $24m? that on annualised $9.488m net income (just 2x of net income excluding property). Makes me wonder why the price is not moving though.

No analyst coverage yet this year. For a small cap stock over here to run, that is an essential ingredient.

Possibly more action in 6 months time, when FY results out and dividend announcement is made, that would provide more results for analyst to base their target prices on. Today's volume of 471.5 lots done is much higher than the usual less than 50lots/day showing some smaller investors are taking note.
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07-11-2019, 10:43 PM.
Post: #163
Rainbow  RE: Powermatic Data Systems
Thank you BK.
Sold too early at 50% profits as I do not have any clue at that time why the stock price is running.

Thank you and best wishes for all who is vested.

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感恩 Really appreciate all valuebuddies for helping me.

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08-11-2019, 12:08 AM.
Post: #164
RE: Powermatic Data Systems
HY2020 results show an acceleration in revenue growth and profits for PM Data as their R&D efforts payoff.......

Very likely we are witnessing just the beginning of 5G and WIFI 6 upgrades....with millions of devices and network infrastructure to install.  New Malaysian plant will nicely add to their manufacturing capacity to meet demand............

Qualcomm latest 3Q results should give shareholders an inkling of what is coming.....(https://www.cnbc.com/2019/11/06/qualcomm...-beat.html)

  • Qualcomm’s beat wraps up a fiscal year in which the company settled a legal battle with customer Apple and entered into a royalty agreement with Huawei over wireless patents and chips. Payments stemming from the settlement and agreement have contributed to its licensing business.................
  • The company estimates that 175 million to 225 million 5G handsets could ship next year.......................
Our favorite Qualcomm Authorized Design Centre.... Big Grin Big Grin

https://www.qualcomm.com/support/qan/mem...ms-pte-ltd
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(Not a recommendation to buy or sell, just stating facts)

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08-11-2019, 11:06 AM.
Post: #165
RE: Powermatic Data Systems
(08-11-2019, 12:08 AM)MOV Wrote: HY2020 results show an acceleration in revenue growth and profits for PM Data as their R&D efforts payoff.......

Very likely we are witnessing just the beginning of 5G and WIFI 6 upgrades....with millions of devices and network infrastructure to install.  New Malaysian plant will nicely add to their manufacturing capacity to meet demand............

Qualcomm latest 3Q results should give shareholders an inkling of what is coming.....(https://www.cnbc.com/2019/11/06/qualcomm...-beat.html)

  • Qualcomm’s beat wraps up a fiscal year in which the company settled a legal battle with customer Apple and entered into a royalty agreement with Huawei over wireless patents and chips. Payments stemming from the settlement and agreement have contributed to its licensing business.................
  • The company estimates that 175 million to 225 million 5G handsets could ship next year.......................
Our favorite Qualcomm Authorized Design Centre.... Big Grin Big Grin

https://www.qualcomm.com/support/qan/mem...ms-pte-ltd

Must be this contributing to the high margin? I do not think just 5G hardware production can have such high margin can it? Probably hardware sales might bring in more revenue.
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08-11-2019, 02:57 PM.
Post: #166
RE: Powermatic Data Systems
(08-11-2019, 11:06 AM)BlueKelah Wrote:
(08-11-2019, 12:08 AM)MOV Wrote: HY2020 results show an acceleration in revenue growth and profits for PM Data as their R&D efforts payoff.......

Very likely we are witnessing just the beginning of 5G and WIFI 6 upgrades....with millions of devices and network infrastructure to install.  New Malaysian plant will nicely add to their manufacturing capacity to meet demand............

Qualcomm latest 3Q results should give shareholders an inkling of what is coming.....(https://www.cnbc.com/2019/11/06/qualcomm...-beat.html)

  • Qualcomm’s beat wraps up a fiscal year in which the company settled a legal battle with customer Apple and entered into a royalty agreement with Huawei over wireless patents and chips. Payments stemming from the settlement and agreement have contributed to its licensing business.................
  • The company estimates that 175 million to 225 million 5G handsets could ship next year.......................
Our favorite Qualcomm Authorized Design Centre.... Big Grin Big Grin

https://www.qualcomm.com/support/qan/mem...ms-pte-ltd

Must be this contributing to the high margin? I do not think just 5G hardware production can have such high margin can it? Probably hardware sales might bring in more revenue.

Yes anyone can produce hardware using Qualcomm chipsets as long as you are licensed. However, PM Data is a niche player which is the first authorised design center in Asia which can design and produce customised solutions (both software and hardware) for Qualcomm customers ( https://www.nextinsight.net/story-archiv...ta-systems).

Their engineers are highly experienced and qualified by Qualcomm. Not forgetting the superb technical knowledge of Chairman Dr Chen Mun and ID Prof Lye Kin Mun, both with distinguished careers and PhDs in the wireless field :>
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(Not a recommendation to buy or sell, just stating facts)

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