Standard ROE=33.81%, Clean-Sheet ROE=52%(35% per year growth average since last 3 years). Operating margin average growth (Quarter to Quarter) = 1.97% per Qtr, Net Margin = 1.96% per Quarter. Handsome.
The above-mentioned quarterly growth data are based on the last 10 quarters until Sept-2014 (Guru Focus database) which include MMSV early bad times. If only consider MMSV good time (the last 6 quarters, after the turnaround), Average OM and NM growth per Qtr = 4%. Mana mau cari ?
Hi guys, i have both Elsoft and MMSV... just thought they do the same thing, but are they different in actual fact? who has more potential or they could run the same as well? many thanks...
Good that you have both. MMSV may give more capital gain than Elsoft as Elsoft is already >RM1plus. But good for longer term as long as every Qtr report good result.
MMS’s net profit grew at a compound annual growth rate (CAGR) of 192 per cent from 2011 to 2014. supported by strong demand for its LED testing equipments, Affin Hwang believed that the company will be able to maintain its steady earnings growth momentum in the future.
When Compare to Peers (Inari,Globetronic, Elsoft,Vitrox)
ROE 33.74 Highest ROE P/E 11.5 Cheapest PE EPS 6.41 DPS 1.00 DY 2.72% Just started to pay Dividend in may 2014 PTBV 3.39 Cheapest price to book PSR 2.65 Cheapest price to sales
No Borrowing Cash position from RM2.517million to RM15.714million, from early 2013 to end 2014.
Should buy below 0.75 few days ago ..: anyway your entry price is quite low ... If can get at 0.75 is good ... Immediate TP is 80 and I belive before q report will be 1.00
@Haan, sorry I do not know when is the best time to enter. But I'm positive it is currently undervalue when compare to peers. And what the heck you guys did. What had just happen!!! I want to buy!!! Why run so fast!!!
There is no stock with ROE above or around 30% with Profit for rolling 12 month has valuation this cheap. Average we should be looking at P/E16-18. Strong fundamental and partnership with Phillip & Osram should indicate MMSV solid turnaround. LED tester will only get more demand as LED prices are starting to be comparable to conventional lightbulb. There are still a lot growth potentials in the future as 80% or more of the current lighting user are still on conventional light-bulb. Way to go. way to go.
I think This will boost market share for Phillip LED and MMSV will be indirect beneficiaries of this trend since Philip is one of MMSV client.
Some last year interview for your convenient. LED tester are important to reducing LED production cost.
MMS’ customised LED test equipment are capable of performing vision inspection, test handling tasks, and laser-marking identification codes on the LEDs and checking the brightness and colour of LEDs.
“These multi-function equipment cuts down the need for our customers to outsource processes such as vision inspection and laser-marking tasks. Fewer operators and engineers would also be required to man the production process of LED modules. Generally, our LED test equipment reduces cost of producing LED by 20% to 30%,” Sia said.
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....
Khai Zam
420 posts
Posted by Khai Zam > 2015-04-13 10:03 | Report Abuse
collect2