ah must thank the Star n this writer David Tan for continuing to cover this stock :) o.k dokey Mr Sia good job so far - hopefully this last 5 months will secure more order despite the expected slowdown :) Then next year we BOOM LOL
"Group managing director T.K. Sia told StarBiz that the group had delivered 30 units of high-margin equipment and testers in the first half of 2015, which is 10% more than the orders for the same period a year ago."
EBIT was at 5.337m for half year, if you obtain the L4Q, EBIT was at 11.76m. Together with 163m total issued share, EBIT was at 7.2c per share. There is no debt. There is 10.75c cash per share in MMSV.
EV = (0.635x163m)-(0.1075x163m) = 85.9825m EBIT = 11.76m
EV / EBIT = 7.31143 (assumption is made that the 2015Q3 and 2015Q4 will have the same result as 2014Q3 and 2014Q4)
huh I thought the last qtr was in line though I expected rev to grow 10% but still got divvy coming and small cash increase n still debt free should be able to weather the storm n not fall off the cliff. market is bad,sentiment is bad n won;t be surprised it will be below.60 in the coming day perhaps today too but ain't value investing about long term? The turnaround in the past 2 years has been nothing but remarkable - yes I'm a bit biased becoz I'm holding - and I like the fact that the company is starting to reward shareholders by giving regular divvy. The next qtr will be a challenge as it was a record breaking 2014Q3 but I hope for the best n let Mr Sia n his staff do the rest :)
The current quarter though do not possess the quality of positive surprise. however it does confirm the company turnaround is intact. hence it's valuation remain robust. The current sell down should be a good opportunity to collect.
The strong USD impact shall be seen in the coming quarters.
For why this quarter isn't benefited from strengthen USD? It is stated in the current quarterly report.
"The preceding quarter saw a higher other operating income as realisation of forex gain resulted from the strengthening of USD against the RM was greater in that quarter since most receivables denominated in USD were booked in at much lower rates before the drastic hike. No major fluctuations were noted in current quarter’s administrative expenses as compared to preceding quarter. "
Big Bear around the corner, MYR keep dropping, M1DB Scandals, Politics Shows, Bersih, etc etc... Many issues... Will rest a while and see how it goes when the price reach RM0.40-45..
No wonder no bears hunter today so da bears ran amok and had a field day :( I said blast thru 60 means going forward not gostan back FROM 60 n forced me again to pick up some at .585 ^&%* LOL
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....
HITnRUN
298 posts
Posted by HITnRUN > 2015-07-11 16:39 | Report Abuse
up and down is a normal thing in life