What you worry of? The market appears more bearish, the higher the stock will rebound till jaw dropping high… We witnessed in US Dow index, and Nasdaq too!
MPI factory at suzhou, China is mainly producing 5G electronic, whereas M plant and S plant situated in Ipoh, Malaysia, manufacturing SiC related products supplying for electrical car! M and S plant in Malaysia are both running in full force at the moment! Even in Covid lock down period in Malaysia, MPI still can sustain growth momentum, higher than pre Covid era! The key of growth is in M and S plants, Ipoh, Malaysia! Cheers!
Nick Timiroas said Fed will consider to slow down in rate increment. This gives us the opportunities to grab low and sell high later… expecting stocks rally after Fed announcement in few days time… even if it drops, good time to accumulate more…
As stated in AGM document, the board will buy up to 20,988,441 MPI shares in the open market resulting in reduction of MPI shares to 188,895,978 shares provided the shares purchased are fully cancelled.
Total value as of 9.13 is 244,080. And you said buy 31300 shares. Assuming you buy all at lowest 24.12, the amount will be RM754,956. Which is far more than the transacted value.
I would say current MPI share price is the golden opportunity to join the EV business for the future! MPI share price below 25, this is a GRAB for value-hunting investor.
Silicon carbide “may be the largest single growth of any technology in the history of semiconductors,” says Gregg Lowe, Wolfspeed’s CEO. This is the one of the key of growth for MPI! If this comes true, I will not agree more that MPI wil trade at historical high ie more than 50!
Oh, jingle bells, jingle bells Great dividends all the way Oh, what fun it is to ride In a one horse open sleigh Jingle bells, jingle bells Great dividends all the way Oh, what fun it is to ride In a one horse open sleigh… Merry Christmas in advance!
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....
James_Bond
3,420 posts
Posted by James_Bond > 2022-11-01 15:51 | Report Abuse
Market cap about RM5000m
Net cash about RM750m
15% of market cap is net cash!
Trailing 12 months PE is 15
Historically:
3 years mean PE 23
3 years median PE 21
5 years mean PE 19
5 years median PE 16
10 years mean PE 20
10 years median PE 15