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This is just the start. As volume and price goes up, more analysts will begin coverage.
Baring a crash which will dampen the whole market sentiment, I see more upside for this
counter. Bearing in mind the current price is not even at the book value....


Happily vested

(15-04-2015, 07:07 PM)BlueKelah Wrote: [ -> ]after collecting below 10c now they are all joining in the party to goreng this stock

I agree. It's their usual modus operandi. Discover good stocks, buy first, then promote.

(15-04-2015, 07:40 PM)kelvesy Wrote: [ -> ]

(15-04-2015, 07:07 PM)BlueKelah Wrote: [ -> ]after collecting below 10c now they are all joining in the party to goreng this stock

I agree. It's their usual modus operandi. Discover good stocks, buy first, then promote.

Hehe actually memtech was popular many years ago before. It traded at 50c in 2005 and was above 20c for few years before GFC happened.

Since one report said 10% of revenue is from keypad only, not sure how much more they can ramp up their revenue in the future. That would require a ramp up of production in their pretty "diverse" auto parts business which could mean some Capex coming up.

In any case, I do find the share has appreciated a bit too much in too short a time, but that is expected given the many months the BB or "syndicates" have been collecting

(15-04-2015, 08:33 PM)BlueKelah Wrote: [ -> ]

(15-04-2015, 07:40 PM)kelvesy Wrote: [ -> ]

(15-04-2015, 07:07 PM)BlueKelah Wrote: [ -> ]after collecting below 10c now they are all joining in the party to goreng this stock

I agree. It's their usual modus operandi. Discover good stocks, buy first, then promote.

Hehe actually memtech was popular many years ago before. It traded at 50c in 2005 and was above 20c for few years before GFC happened.

Since one report said 10% of revenue is from keypad only, not sure how much more they can ramp up their revenue in the future. That would require a ramp up of production in their pretty "diverse" auto parts business which could mean some Capex coming up.

In any case, I do find the share has appreciated a bit too much in too short a time, but that is expected given the many months the BB or "syndicates" have been collecting

Analysts are now saying the price movement of Memtech could follow that of Innovalues? How likely? My guess is as good as yours. But if it does mimic that of Innovalues, vested buddies here are going to be very happy, laughing all the way to the bank.

-Vested-

If the share price exceeds your profit target, don't forget to take profit.

(17-04-2015, 10:12 PM)SLC81 Wrote: [ -> ]If the share price exceeds your profit target, don't forget to take profit.

or can put in trailing stops.

but i still prefer just take profit also and no need think about it anymore.

1st Quarter results should be out by 30 April. Objectively, strengthening USD and improving outlook should be catalyst for re-rating of this undervalued share.

(23-04-2015, 10:39 PM)kelvesy Wrote: [ -> ]1st Quarter results should be out by 30 April. Objectively, strengthening USD and improving outlook should be catalyst for re-rating of this undervalued share.

In terms of financial reporting, whether USD strengthen or not doesnt really matter since their reporting currency is USD.

Look at their cost base, it is not in USD, but sales are in USD. It will lower their costs. But of course, my main focus is on their business.

CIMB has initiated coverage on Memtech with a TP of $0.22.

(Vested)