Memtech International

[hh488]

Previously had a good run with this one but cashed out when it went above NAV after turnaround from loss making.

[Notwithstanding the improved performance, the overall market conditions in China remained weak in 3Q2016 as reflected in the stagnant GDP growth of 6.7% and declining imports and exports. The Group expects these conditions to persist for the rest of 2016.]

It interesting mgt. feels the GDP 6.7% is stagnant. LOL that number would be impressive in most developed nation economies.

In any case, it seems the business environment over there is not that good at the moment and will probably not be improving as exports decline so there is quite some macro risk with the sector memtech is operating in.

Hi BlueKelah

I thought Memtech price all the while below NAV?  When did it hit NAV & above?

Current NAV is abt USD 77 cts if not wrong?  Thanks.