09-05-2015, 05:54 PM
no faith then take profit and sell loh.
latest EPS is only 0.2c USD compared to last quarter 0.3c USD(minus one time gains) Been a couple quarters liao since divesting the loss making business and not much growth in the business and very low margins. unlikely to boom like innovalues. Yield also kana compress to 4% liao.
-not v-
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Can't compare with last q. Factories are in china, and closed for 2 weeks during CNY. So better to look at y-y grow, which is quite good. If they continue to win auto customers, then boom will come. That's what they target to do so let see how well they execute
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just like property sector, auto sector is likely past its peak growth in china. last i heard they were restricting car sales and the sector was slowing down. slowdown could ultimately filter down to memtech if they expand into this area. there will be a lag period when this happens, so hard to tell until a couple more quarters later.
China's Shenzhen latest city to restrict car sales
China Auto Retail Sales Climb at Slowest Pace in Five Months
Virtual currencies are worth virtually nothing.
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