AFFIN INVESTMENT BANK reiterate "buy" rating on MPI as they continue to like its strong earnings growth prospects and better earnings visibility going forward. After their recent meeting with the management, they maintain their positive view on MPI's future growth and direction. To drive earnings growth ahead, MPI will focus on three key areas, namely margin, sector and technology. MPI remains one of our top picks in the technology sector, given its strong growth profile and attractive valuations. To maintain its competitive edge, MPI has been collaborating with its customers to develop new manufacturing equipment and materials. In view of the industry's favourable prospects and MPI's robust earnings growth in FY2013, we upgrade our target PER for the group to 14 times. The re-rating is further supported by its strong fundamentals, which are largely underpinned by improved earnings quality and better earnings visibility. With shahriah-complaint status, they think MPI should trade at a higher PER given the ample domestic liquidity.
So hard to push from RM6.21 back to RM6.29. Don't know which rascal goes and throw 75 lots to push it down back to RM6.26. Really testing my patience and faith in this MPI. I bought it just because in the year 2000 it shot up to RM25. It should be a very bullish share following the good prospect of the semiconductor upward cycle now.
Q results coming soon, but I dun see it will b a big surprising profit. Nonetheless, growth steadily Q to Q, Y to Y, foreign semiconductor comp share price has gone soft past months after peak. Goreng seems has been gone for them,
MPI, have u reached ur peak for this round? Or r u following global soft trend? Bull runs too fast n nd to rest and have some grasses n water? Why not giving us a privatization at this moment n decide for us, so we dun have to think of so many options to make? Haha... Jk only
Q results coming soon! So excited! Can't wait to see after reading Unisem n Gtronics, rev 200mil, 90mil, profit 10mil, 17mil respectively. MPI's rev at least 300mil, profit???? Can't wait to see! Hope there will be a big surprise! If my comparison is somehow near to accurate... Haha! What u guys think??? Am I too optimistic??
Bought mpi again today to increase my stake in the company. Waiting for deja vu to unfold but have to respect market forces. I predict coming 4th qtr revenue of 330 million with profit margin of 10% and eps of 14 sen. Waiting for further increases in turnover and eps in the next several qtrs. Gd luck mpi holders.
Don't worry, we r long term investor. Good perspective for global semicon, tot yesterday could see the q results, think will be out next week. A turning point to see dispose or keep further
Latest 4th qtr eps is only 4.6 sen. But don't worry fellow investors. If not for the final patent litigation payment Amkor eps should easily reach 10 sen. Still short of my expectations though. However, in the longer term, prospects expected to be good.
Those can choose to take profit if u r scared. I m frighten coz did not expect the trend went opposite direction today. I choose to blif it is over reacted by speculation or short term investor.
Unpredictable.. When will it stops dropping n consolidates.. It is beyond analyzing as analysts have already make buy call and higher target price.. But share prices just go further south... "Amazing!"
game over. kakashi.... and all the con forumer already disappear . what so proud about mpi ? Nothing. Annual profit only about rm50 million. Kacang putih profit but share price high.
Hi jolie2 are u sure it's game over? MPI's profit could have been much higher if not for 12.4m Dynacraft stamped leadframe goodwill writeoff AND the Amkor patent litigation fine of 12.8m. So total of 25.2m has been deducted from operating profit fin yr ending 06/2014. Fellow investors correct me if I'm wrong. And by the way, jolie2, share prices will settle to factor in the prospective earnings 6 months ahead! So if you've abandoned mpi I wish u gd luck in other counters.
Hi frens, was very curious when reading some conclusive comments without giving any references to support their stand points. It is not constructive at all.
"Kacang putih profit" "Share price high" "Terribly overvalue"
At least explain to us why is it like that. We r having open discussion on this counter bcoz this counter interests us. Throwing a statement like this here is kind of irresponsible without elaboration.
IB analysts have been giving TP from 6.00-7.50. Friday closed at 5.70. If last closed price is considered high n overvalue, so what is reasonable price after u analyze? 5? 4? 3? 2? 1? Or 0?
We take IB analysts TP as ref. just as ref but not simply follow or blif what they wrote. However, they r the one who attended presentation plant tour n quarterly briefing. So their information are somehow useful.
I predict it will go PN17, My prediction super accurate as I have predicted Perwaja and Sumatec before they turned into. Faster flee, escape and fly away. Hope I'm Wrong
Are you idiot? All talk by prediction, like fortune teller. Simply talk n if u realized my PN17 comment was with sacarstism corresponding to "prediction" comment. What a joke! HA HA!
right or wrong, time will prove it. 3 months we sure can see the effect already. By the time, one of you come out to say sorry at this page. Dare to take challenge? I personally support stockking. =)
Agreed, among the 3 semiconductor company,i.e.Gtronic, unisem and MPI, MPI is the most undervalue, considering its leading position, earning growth, and strong cash flow.
The operating cash flow generated is almost 5 times of the earnings mainly due to high depreciation charged. The depreciation already eat up almost RM1 of the EPS of MPI.
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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....
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Posted by 8wpwtmt8 > 2014-07-21 19:31 | Report Abuse
AFFIN INVESTMENT BANK reiterate "buy" rating on MPI as they continue to like its strong earnings growth prospects and better earnings visibility going forward. After their recent meeting with the management, they maintain their positive view on MPI's future growth and direction. To drive earnings growth ahead, MPI will focus on three key areas, namely margin, sector and technology. MPI remains one of our top picks in the technology sector, given its strong growth profile and attractive valuations. To maintain its competitive edge, MPI has been collaborating with its customers to develop new manufacturing equipment and materials. In view of the industry's favourable prospects and MPI's robust earnings growth in FY2013, we upgrade our target PER for the group to 14 times. The re-rating is further supported by its strong fundamentals, which are largely underpinned by improved earnings quality and better earnings visibility. With shahriah-complaint status, they think MPI should trade at a higher PER given the ample domestic liquidity.