atlas seen green candle..... I think shall be good recovery ahead coz too much concentration and consolidation at this level....and high time for divergence...
• A niche player that provides automation solutions to the fast-growing LED industry
• Strong growth of LED lighting market and improving margins to drive 32% EPS CAGR
• RM0.73 TP is pegged to 12.1x FY15 EPS
The Business
Niche player. MMSV designs and manufactures automation solutions (testers, sorters, and handlers) with a focus on the LED lighting industry (80% of revenue).
Riding on boom in LED lighting market. The LED lighting market doubled in value y-o-y to USD13bn in 2012 (17% of global lighting market) and is forecast to grow to USD19.9bn in 2014 and USD34.7bn by 2016 (43% of global lighting market). This positive trend for LED lighting is expected to benefit MMSV, as the stronger growth (especially in terms of volume) would encourage LED makers to spend capex to increase production capacity. The higher margins commanded by MMSV’s LED machines (due to higher degree of customisation) also helped to lift gross margins from 16% in 2011 to 36% in 1H 2014.
The Stock
Fair value of RM0.73. Our fair value is pegged to 12.1x FY15 EPS, in line with the average valuation for similar listed companies in Malaysia. MMSV is experiencing an exciting growth phase, thanks to the booming LED industry. FY14 earnings should be a record high for MMSV since its listing in 2005. At 20% payout, this would translate into 1.8% net dividend yield for FY14.
Strong fundamentals. We forecast MMSV will record strong 3- year earnings CAGR of 32% over FY13-16F. We also like the company for its net cash position (6sen/share), superior margins (>24%) and high ROE (>28%).
stage 1 - foaming in mouth - 40s cents stage 2 - penings - 50s stage 3 - pengsans - 60s - can we hit it tomorrow n stay there stage 4 - final stage - jump off buildings - 70s n up
Tan only bought 21k share. Sap2 sui la... Can't make any conclusion regarding to the purchase. The most important thing is 0.62 previous high. Break it!
volume very big......too risky to hold now. I think most of the sharks had sold theirs and balance some for the last push , up or down , may have to toss the coins....
@rikki - Yes I did buy @ .585 n .61 but smallish lots but most of my core holding are very low. Still thanks for the article as this stock does not have any coverage so it's good to know a bit more about this company aside from it's healthy numbers - I'm more interested in whether the growth can be sustained so any news helps :) - not in careplus but hope u too profited from both :)
hey pathew -dunno whether he is referring to me or this fella below LOL
Posted by franklongkang > Sep 27, 2014 12:15 AM | Report Abuse Yaba yaba yaba..no doubt Frank bully starting his old broken record again
but if he is my long lost buddy from Scam-me err Scomi then it must be me LOL. I'm getting from 'Bad to worst' LOL- Moved most of my funds from Scomi ( main board) to here MMSv (ace counter) - 'cheap mind set' like Teacher said (cp teh ) LOL lucky no Pre Ace or Ace Junior counters in Bursa - otherwise will be there too LOL
Jokes aside - Thanks for asking :) am doing very well but considered myself very lucky to have stumble here. I hope you're doing even better :) I must go n check where u have been hiding counting all the $$$ LOL cheers Pat good hearing from u n stay in touch :)
aiyo wat happened LOL I say be steady not surged like crazy
I asked for 3 cents b4 yesterday n 2 days total u give me 3x3 = to ??? haha 9 cents - kingshit1 fav number :) no brownies 4 getting it right LOL
LOL last time already kena UMA wan to kena again izzit LOL
anyway am not worried too much about the Tan 'brothers' selling especially the nothing to do Director fella - he has been doing it since the 30s(cents) - buying high n selling higher. That being said it is also inching closer to my TP of 75 cents - my 'jump off the building' stage LOL so naturally feeling nervously excited waiting for the coming qtr report but looking at Penta recent report that blew away the previous corresponding numbers I'm cautiously excited so now since cup n handle already formed now all I need is a huge plate for my early Thanksgiving Turkey dinner (Hopefully ) LOL
beware, major share holders had sold their stakes,,,chances are the corrections may come any moment coz yesterday was the highest volume ever achieved, so they may collect cheaper shares again....
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....
KingPro
315 posts
Posted by KingPro > 2014-11-03 15:00 | Report Abuse
today buy volume abit low