Valuation too high at current price of 0.32 (P/E 23x & P/B 2.4x). A more reasonable valuation will be P/E 15x & P/B 1.5x. FY19 dividend expected to be reduced to 0.5 cents. Downgrade fair price to 0.20 with DY of 2.5%
Hi , Phil , am still here as i said must hold for 2 qters at least, looking at the FA not too bad , the revenues get back on track , has to pay lot of tax, the new factory should be operational soon, will add some at lower price, collecting systech too kikiki,,
Good advice ya somchik! Glad to hear that. Just many investors will retreat tomorrow seeing the quarter result drops again. But for me, is not a big deal as I believe it will improve in near future especially after PH becomes more and more stabilize.
Mikromb's tax rate in Apr-Jun'18 quarter was as high as 70% due to deferred tax from previous quarters... It also incurred forex loss in this quarter. Otherwise, it's net profit would be higher QoQ, albeit still lower YoY.
Mikromb is a net cash company with good management. It is expanding its export market and percentage of export sales has increased to 49% in FY18. The export sales volume is growing.
actually the result really not too bad looking at operational expenses , its quite low means they control the cost quite well hope oversea expansion can bring back old share price
just to reconfirm , the high tax this quarter is only one off right ? next quarter no more ? my heart cannot afford to take another hit already 30% paper loss
they don have pioneer status anymore. so, the tax will be higher from now on compared before may 2017. this quarter kena badly coz they got some deferred taxes (that one is one off).
Company taking over 38million worth of company Profit guarentee 5million annually Will issue extra share to acquire Enlarge share base of 36% to boost up profit by 50%
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Stephen Chow
141 posts
Posted by Stephen Chow > 2018-08-27 23:01 | Report Abuse
any hope for this stock?