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

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

(09-04-2015, 09:14 AM)dydx Wrote: [ -> ]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.

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

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.

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.

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.

(11-05-2015, 06:22 PM)dydx Wrote: [ -> ]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.

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.

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.

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.