Homepage
PR Newswire
FY14 full-year results…..
http://infopub.sgx.com/FileOpen/MITAnnou...eID=336393 [result announcement]
http://infopub.sgx.com/FileOpen/MITPress...eID=336394 [press release]
A resounding profit turnaround backed by a strong surge in customer orders for MIT's semiconductor and solar machines, which seem to be enjoying a certain "sweet spot" in customer/industry demand, partly because of their manufacturing capabilities and great economics provided to customers.
Based on the current strong orders intake - which looks likely to continue growing in the near term! - MIT is poised to deliver possibly even better financial numbers in FY15. The greatest thing is that MIT seems to be able to achieve that with a growing net cash position and proven financial prudence.
The declared $0.005/share final dividend will be welcomed by existing shareholders and new investors alike.
Share price wise, why should MIT in such a positive financial trajectory be valued below its latest 31Dec14 NAV/share of $0.1667, itself a conservative number as it does not account for another $0.015/share in reserve value hidden in an investment property, as well as the various product and manufacturing IPs in the business.
More info on MIT's products, and MIT's very decent and driven Chairman & CEO Tong Kwong…
http://www.mit.com.sg/en/products/
http://www.mit.com.sg/en/about/chairman.php
http://infopub.sgx.com/FileOpen/MITAnnou...eID=336393 [result announcement]
http://infopub.sgx.com/FileOpen/MITPress...eID=336394 [press release]
A resounding profit turnaround backed by a strong surge in customer orders for MIT's semiconductor and solar machines, which seem to be enjoying a certain "sweet spot" in customer/industry demand, partly because of their manufacturing capabilities and great economics provided to customers.
Based on the current strong orders intake - which looks likely to continue growing in the near term! - MIT is poised to deliver possibly even better financial numbers in FY15. The greatest thing is that MIT seems to be able to achieve that with a growing net cash position and proven financial prudence.
The declared $0.005/share final dividend will be welcomed by existing shareholders and new investors alike.
Share price wise, why should MIT in such a positive financial trajectory be valued below its latest 31Dec14 NAV/share of $0.1667, itself a conservative number as it does not account for another $0.015/share in reserve value hidden in an investment property, as well as the various product and manufacturing IPs in the business.
More info on MIT's products, and MIT's very decent and driven Chairman & CEO Tong Kwong…
http://www.mit.com.sg/en/products/
http://www.mit.com.sg/en/about/chairman.php