Well done MPI. Nearing my TP. Congrats to those onboard and also credit to shareinvestor88 for calling in 2016. I only noticed MPI falling the recent QR in January.
Based on TTM eps RM0.9075, if PE 13.2x, price will be RM12. For tech company with great earning from strong USD, PE 13.2x is not something too demanding.
It was RM56.......that was history and that management team with both good long term vision and technically capable no longer around now. MPI was world packaging leader in small discrete semiconductors besides their technically skill in R&D on various legless ic packaging. MPI today is not the MPI of yester-year.
With recent strong q result of 28sen EPS with foresee USD strengthen. I believe the current management is doing a good job of turning around the company.
MPI greatly benefited by USD. Shud do well as long as USD is strong. R&D is very weak and hv not heard any potential new packages lunches in recent years. As she goes into the future without new products to command premiums what future the company has. All new products always command premium prices for initial few years before others catching up. Old products in general prices down progressively.
If I am right that MPI has entered to automotive sector that enjoy higher profit margin as compare to traditional smartphone chip...this is why MPI able to enjoy 28Sen of EPS for later q.
As of R&D. MPI is contract manufacturer.I m not sure what type of new package can develop by them because I thought all the new product and new design ate from their customer..am I right? If they had a strong sale team to penetrate new customer base as now...it should be good enough to load up to all their production cspacity
Revenue growth in 2 consecutive quarters Automotive segment is strengthening and we are seeing positive traction Introducing new products in key segments – Automotive & Servers Dynacraft QFN lead-frame business sustaining Targeting to outgrow the industry over 2 year plan Sales organization strengthened in key markets
U totally wrong. U dun know what MPI business is den.
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As of R&D. MPI is contract manufacturer.I m not sure what type of new package can develop by them because I thought all the new product and new design ate from their customer..am I right? If they had a strong sale team to penetrate new customer base as now...it should be good enough to load up to all their production cspacity
Revenue growth in 2 consecutive quarters Automotive segment is strengthening and we are seeing positive traction Introducing new products in key segments – Automotive & Servers Dynacraft QFN lead-frame business sustaining Targeting to outgrow the industry over 2 year plan Sales organization strengthened in key markets
The above point 3 also very encouraging even though some comment that MPI R&D team is weak!!.......But, New product is still introducing to the production line. New product has direct impact of the profit grow
Hi lching: 5% more to reach 100% return for the first batch. 40+% now for the second batch. Will hold for a bit more. Congratulations to you too. Huat together.
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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....
bsngpg
2,842 posts
Posted by bsngpg > 2017-02-10 11:36 | Report Abuse
Reasonably good div yield, great earning and in good industry with good moats.