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Micro-Mechanics (Holdings)
09-10-2017, 02:46 AM.
Post: #101
RE: Morningstar report on 7th Oct 2017
(07-10-2017, 10:24 PM)chialc88 Wrote:  ++++++ 

The bad news is 5DD fair value on 7 Oct 2017 is 1.43 
aka overvalued.

I mentioned many times that I do not like to buy stocks at 52 weeks high,
let alone at 5 years and all time high.

Morningstar report is really sad.

I suppose, there will be a lot of seller in coming weeks.
 
++++++++++++


Who cares what is 5DD fair value. Everyone has a different fair value. Many do not have any idea what is fair value. His fair value may not be right. And stocks prices do not stay near fair value ( even IF everyone agrees on what is fair value ) most of the time.

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09-10-2017, 02:13 PM.
Post: #102
RE: Morningstar report on 7th Oct 2017
(07-10-2017, 10:24 PM)chialc88 Wrote: Before I talk about Morningstar report,
for those who had not met MM CFO Mr Chow Kam Wing,
this is a quick introduction of himself.

MM COO Mr Low Ming Wah also appears in a few scene.

You know what?
Take note of 3:00, 
that was exactly the picture when I first read about Micro Mechanics Holdings in a girly magazine waiting for my dentist many years ago.


I guess, it's still the same image for 2017 and many years too.



Ok, good news first.
Today, Morningstar just released a Quantitative Equity Report 5DD Micro-Mechanics (Holdings) Ltd
link

The bad news is 5DD fair value on 7 Oct 2017 is 1.43 
aka overvalued.

I mentioned many times that I do not like to buy stocks at 52 weeks high,
let alone at 5 years and all time high.

Morningstar report is really sad.

I suppose, there will be a lot of seller in coming weeks.

Anyway, if you met up with MM CFO and COO on 30 October,
can you ask help to ask them when are they changing the company name to Nano-Mechanics (Holdings) Ltd?

if the company keeps growing and continue to add value, of course the price will continue to rise over time.

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16-10-2017, 11:59 AM. (This post was last modified: 11-01-2018, 11:36 PM by chialc88.)
Post: #103
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感恩 26 April 2019 Straco AGM ppt  https://valuebuddies.com/thread-2915-pos...#pid152450

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17-10-2017, 11:16 PM. (This post was last modified: 11-01-2018, 11:37 PM by chialc88.)
Post: #104
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29-10-2017, 11:07 AM. (This post was last modified: 11-01-2018, 11:37 PM by chialc88. Edit Reason: google drive picture fixed? )
Post: #105
Rainbow  To be deleted by moderator
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感恩 26 April 2019 Straco AGM ppt  https://valuebuddies.com/thread-2915-pos...#pid152450

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30-10-2017, 09:04 PM.
Post: #106
RE: Micro-Mechanics (Holdings)
results out! 

Micro-Mechanics Delivers its Best Quarterly Results in 1Q18 • Record revenue of S$17.7 million, up 32.5% year-on-year • Highest net profit of S$5.2 million, up 53.0% year-on-year • Expands gross profit margin to 60.9% and net profit margin to 29.2% • Sound balance sheet with cash of S$25.4 million and zero debt  

Singapore, 30 October 2017 – Micro-Mechanics (Holdings) Ltd. (“Micro-Mechanics” or the “Group”), a manufacturer of high precision tools and parts used in process-critical applications for the semiconductor industry, today reported a record set of results for the three months ended 30 September 2017 (“1Q18”). The Group’s net profit soared 53.0% to S$5.2 million in 1Q18, achieved on the back of revenue growth of 32.5% to S$17.7 million, higher gross profit margin of 60.9% and a tight rein on expenses. The Group’s results in 1Q18 also grew sequentially, with both revenue and net profit increasing by 14.5% and 13.5% respectively compared to 4Q17. Micro-Mechanics saw broad-based sales increases in its key geographical markets during 1Q18, led by its largest market in China where sales jumped 48.1% to S$5.2 million and contributed 29.5% to Group revenue. Sales in Malaysia, its second largest market, increased 14.3% to S$3.5 million to account for 19.5% of Group revenue. Sales in the USA rose 58.5% to S$2.8 million to rank as its third largest market. CEO of Micro-Mechanics, Mr Chris Borch said, “The Group delivered its best quarterly performance to-date in 1Q18. We continued to benefit from robust demand from customers in our major markets, reflecting the strong underlying growth of the global semiconductor industry since the beginning of 2017. We also saw an expansion in our gross profit and net profit margins to 60.9% and 29.2% respectively in 1Q18, thanks to revenue growth combined with the continuous cost and operational improvements across our worldwide manufacturing operations and a tight rein on our expense structure.” According to statistics compiled by the Semiconductor Industry Association, world-wide chip sales increased about 20.5% during the eight-month period from January to August 2017. Based on the industry’s strong growth, the World Semiconductor Trade Statistics recently raised its forecast for world-wide semiconductor sales growth in 2017 to 17% from its previous prediction of 11.5%. “We believe the semiconductor industry’s robust growth this year may herald a prolonged period of strong growth as chips are being increasingly used in nearly every aspect of our daily life. To sustain the Group’s growth over the long term, we will continue to focus on our customers and the value we bring to their businesses,” said Mr Borch. As at 30 September 2017, Micro-Mechanics had a sound financial position with total assets of S$73.7 million, shareholders’ equity of S$60.0 million, cash and cash equivalents of S$25.4 million and zero debt.

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31-10-2017, 08:47 PM.
Post: #107
RE: Micro-Mechanics (Holdings)
Now shifted to $2.50 based on 16x PE ratio:

https://www.theedgesingapore.com/micro-m...es-8-cents

(23-09-2017, 09:31 PM)smallcaps Wrote: The chasm 'suddenly' shifted to $2 & 30% ROE by POEMS analyst:

http://research.sginvestors.io/2017/09/m...09-22.html

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01-11-2017, 06:30 PM.
Post: #108
RE: Micro-Mechanics (Holdings)
On monday, independent director Lai Chin Yee bought 20k shares @ $2.005

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=476125

Possibly her first purchase since appointed in 2014:

http://infopub.sgx.com/Apps?A=COW_CorpAn...4f1eccbad1

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11-11-2017, 05:18 PM.
Post: #109
RE: Micro-Mechanics (Holdings)
Does Micro-Mechanics has factory in Penang?
Not sure if this will impact the Group.
https://www.thestar.com.my/business/busi...ng-floods/

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11-11-2017, 10:32 PM. (This post was last modified: 11-01-2018, 11:38 PM by chialc88. Edit Reason: google drive picture fixed? )
Post: #110
Rainbow  To be deleted by moderator
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感恩 26 April 2019 Straco AGM ppt  https://valuebuddies.com/thread-2915-pos...#pid152450

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