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26-09-2013, 09:32 PM
IIRC, they were listed in Taiwan in the 2nd or 3rd or ?? board before they decided to IPO here. Their biz is in providing Assembly & Test Services for Semicon, very much like STATS & UTAC, but at a much smaller scale. What was most amazing back then was their NPM were in the high 20s and even hitting 30% from listing (in S'pore) till Q307 compared to UTAC (10s) & STATS (single digit) back then. From then on, it's been mostly downhill...
I stopped following in Q111 altho' I do occassionally glimpse thro' their financials. Something doesn't seem right to me but I'm not good enough to figure out what... They have losses more often than profits but they continue to do shares buy-back... also no dividends... not growing...
I stopped following in Q111 altho' I do occassionally glimpse thro' their financials. Something doesn't seem right to me but I'm not good enough to figure out what... They have losses more often than profits but they continue to do shares buy-back... also no dividends... not growing...
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------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------