12-03-2015, 12:40 PM
Multichem's IT distribution arm, M Tech, is contributing 91.2% of the company's revenue in 2014, while it's PCB biz acoounts for the reamaining 8.8%.
Company is trading at about 0.58x book value based on today's stock price of 14.8c. Company paid out a total of 8.2c dividend in 2014 is expected to maintain the same dividend pay out in 2015. That works out to a dividend yield of about 5.54%. 2014 EPS was 1.34c.
NAV is 0.25c per share, based on cash and cash equivalents of 43.6M. Cash value per share is about 12.1c. Trade receivables and inventories amount to 109.5M. Trade payables and bank borrowings amount to 92.9M.
More info from Multichem and M Tech website :
http://www.multichem.com.sg/html/index.php
http://www.mtechpro.com/
Multi-Chem is a specialist drilling and routing service provider and also a distributor of specialty chemicals and materials to PCB manufacturers. In May 2002, company diversified into the business of IT distribution focusing on best-of-breed internet security, WAN optimisation, network management and video conferencing products from industry leading vendors.
Through Multi-Chem's subsidiaries under the M.Tech umbrella, the IT business has expanded in both product range and geographical coverage since inception and now spans Singapore, Australia, China (including Hong Kong), India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Taiwan, Thailand and Vietnam.
Company started IT training business in Singapore in late second quarter of 2004 to complement the IT distribution business. M Tech is currently authorised to conduct training for Blue Coat, Check Point, EC-Council, HP TippingPoint, Riverbed and ISC2 courses.
Today, the Group comprises the Company, 25 subsidiaries, 2 representative offices, 3 branches, 11 offices and 2 associated companies, with a staff strength of more than 1000.
Company is trading at about 0.58x book value based on today's stock price of 14.8c. Company paid out a total of 8.2c dividend in 2014 is expected to maintain the same dividend pay out in 2015. That works out to a dividend yield of about 5.54%. 2014 EPS was 1.34c.
NAV is 0.25c per share, based on cash and cash equivalents of 43.6M. Cash value per share is about 12.1c. Trade receivables and inventories amount to 109.5M. Trade payables and bank borrowings amount to 92.9M.
More info from Multichem and M Tech website :
http://www.multichem.com.sg/html/index.php
http://www.mtechpro.com/
Multi-Chem is a specialist drilling and routing service provider and also a distributor of specialty chemicals and materials to PCB manufacturers. In May 2002, company diversified into the business of IT distribution focusing on best-of-breed internet security, WAN optimisation, network management and video conferencing products from industry leading vendors.
Through Multi-Chem's subsidiaries under the M.Tech umbrella, the IT business has expanded in both product range and geographical coverage since inception and now spans Singapore, Australia, China (including Hong Kong), India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Taiwan, Thailand and Vietnam.
Company started IT training business in Singapore in late second quarter of 2004 to complement the IT distribution business. M Tech is currently authorised to conduct training for Blue Coat, Check Point, EC-Council, HP TippingPoint, Riverbed and ISC2 courses.
Today, the Group comprises the Company, 25 subsidiaries, 2 representative offices, 3 branches, 11 offices and 2 associated companies, with a staff strength of more than 1000.