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Micro Mechanics Holding - a Decade-Fourbaggers In Singapore
Grab from SBF-SME-Committee Budget Recommentations 2018
link
![[Image: uc?id=1VS2wDPloEmlJLyfbT6WhWnm89QrLK2Na]](https://drive.google.com/uc?id=1VS2wDPloEmlJLyfbT6WhWnm89QrLK2Na)
*** Disclaimer #1: I added Micro Mechanics logo onto the picture.
*** Disclaimer #2: Mr Low Ming Wah is the current chairman for SPETA
A) To answer your questions, MM does not publish any patents or key technical capabilities that's impossible for competitors to replicate.
Likely a few vested valuebuddies gotten your point and will be checking with Micro Mechanics soon.
I suspect with help of AStar, we might see some patents (likely on Micro-structural and Nano-technology, Nanoparticles, MEMS) registered under Micro Mechanics name.
In the past, it's very unfortunate that MM's management was wearing the SME mindset (survival instinct) and did not aware of have the urge to patent.
Now, officialy with your nudge, we shall be able to see some announcement, hopefully, soon
B) Agrees 100% that over time, excess profits will be eroded until a steady-state is achieved.
MM set a KPI of GPM 50%
So far, so good.
Thou I'm too happy to assume that GPM of 50% is a steady-state but I'm aware that it's operating in China and especially in a high tech industry.
To shift the KPI to a lower number might happen (eg. due to customer demanding a lower price in economy crisis aka not direct competition)
The good things is we know the KPI and we are given the chance to see how the needle is moving every Qtr.
C) Current chip cycle had already peak.
MM reported that growth rate is slowing down, but its still growing aka not -ve but +ve growth.
MM also reported that the consumer demands currently and in future is mobile/mobility devices and electric (driverless) car respectively.
D) Their multiple is attractive as long as their current growth rate is sustainable.
This makes my day. I felt that Micro Mechanics multiple is always very high.
Majority of my stake was vested when they were 40cents. It's multiple was already high.
At $2.40, it's multiple really rock to the skies and I wonder that might be the reason Yeo Seng Chong is out.
Anyway, at $1.80, it's currently near it's 52 weeks low, so do consider buying 100 shares and watch it's progress.
E) Really appreciate your tips.
Thank you.
We may be on the last generation to drive car.
Enjoy a good Tedx shows:
Grab from SBF-SME-Committee Budget Recommentations 2018
link
*** Disclaimer #1: I added Micro Mechanics logo onto the picture.
*** Disclaimer #2: Mr Low Ming Wah is the current chairman for SPETA
A) To answer your questions, MM does not publish any patents or key technical capabilities that's impossible for competitors to replicate.
Likely a few vested valuebuddies gotten your point and will be checking with Micro Mechanics soon.
I suspect with help of AStar, we might see some patents (likely on Micro-structural and Nano-technology, Nanoparticles, MEMS) registered under Micro Mechanics name.
In the past, it's very unfortunate that MM's management was wearing the SME mindset (survival instinct) and did not aware of have the urge to patent.
Now, officialy with your nudge, we shall be able to see some announcement, hopefully, soon
B) Agrees 100% that over time, excess profits will be eroded until a steady-state is achieved.
MM set a KPI of GPM 50%
So far, so good.
Thou I'm too happy to assume that GPM of 50% is a steady-state but I'm aware that it's operating in China and especially in a high tech industry.
To shift the KPI to a lower number might happen (eg. due to customer demanding a lower price in economy crisis aka not direct competition)
The good things is we know the KPI and we are given the chance to see how the needle is moving every Qtr.
C) Current chip cycle had already peak.
MM reported that growth rate is slowing down, but its still growing aka not -ve but +ve growth.
MM also reported that the consumer demands currently and in future is mobile/mobility devices and electric (driverless) car respectively.
D) Their multiple is attractive as long as their current growth rate is sustainable.
This makes my day. I felt that Micro Mechanics multiple is always very high.
Majority of my stake was vested when they were 40cents. It's multiple was already high.
At $2.40, it's multiple really rock to the skies and I wonder that might be the reason Yeo Seng Chong is out.
Anyway, at $1.80, it's currently near it's 52 weeks low, so do consider buying 100 shares and watch it's progress.
E) Really appreciate your tips.
Thank you.
We may be on the last generation to drive car.
Enjoy a good Tedx shows:
感恩 26 April 2019 Straco AGM ppt https://valuebuddies.com/thread-2915-pos...#pid152450