Manufacturing Integration Technology (MIT)

[dydx]

MIT last done at $0.18. Wow! Swee man!

[dydx]

MIT opened at $0.188 today (9Apr15). This is a 5-year high!

[Stirling]

MIT opened at $0.188 today (9Apr15). This is a 5-year high!

A turnaround story and hopefully a sustainable one. FY2015 looks good with $50M orders in the bag and a strengthen USD which will boost its gross margin.

[dydx]

MIT just hit another new high at $0.215!

It appears more investors have been attracted to buy after reviewing MIT's latest FY14 AR.....
http://infopub.sgx.com/FileOpen/MIT_Annu...eID=343359

[dydx]

Another 2 solar equipment contracts worth a total of RMB97m ($21m) secured.....
http://infopub.sgx.com/Apps?A=COW_CorpAn...ay2015.pdf

After reviewing the announcement, it is reasonable to believe that the best is yet to be for MIT.

[dydx]

Today (13May15) MIT hit yet another new high at $0.25, backed by a volume of more than 2.8m shares traded. It looks like more investors are willing to make a bet on MIT.

[Stirling]

Quoted from the announcement:_
"These contracts, together with those of S$56m announced on 26 Feb 2015, bring total sales secured for delivery in 2015 to S$77m. It is expected to contribute positively to MIT’s FY 2015 financial results."

These contracts wins have already exceeded 2014 revenue of $64Mil. The Company looks poise to achieve their targeted annual revenue of S$100M sooner than forecast.

Let's look forward to a record year in terms of profits and dividends.

Another 2 solar equipment contracts worth a total of RMB97m ($21m) secured.....
http://infopub.sgx.com/Apps?A=COW_CorpAn...ay2015.pdf

After reviewing the announcement, it is reasonable to believe that the best is yet to be for MIT.

[sillyivan]

looks like this company is looking to be gaining much traction in 2014 and 2015. Prudent management, cash rich company allowing possibility of M&A as well as what looks like another record breaking year with a huge order book. What is only lacking now is some analyst coverage. Company still looking cheap with PE of less than 6. I think i found a gem.

[dydx]

MIT hit yet another new high of $0.295 today! I guess we have to believe in Mr Market's magic in weighing quality businesses over time.

[dydx]

1H result just out.....
http://infopub.sgx.com/FileOpen/MIT%20An...eID=363618 [result announcement]
http://infopub.sgx.com/FileOpen/Press%20...eID=363619 [press release]

The rapid growth in both revenue and profitability are simply amazing, and MIT has declared a $0.005/share "SG50" special dividend!

Latest (as at 5Aug15) orders book stood at $50.9m - with delivery of most of the orders to be made within the next 6 months - is pointing towards the likelihood of similarly strong results in 2H.

After reading the para under "Looking Forward" in the press release, I get a feeling that MIT could be alluding that the company could become an acquisition target.