Micro-Mechanics

 Wah, she is drifting lower approaching the major support level at about 1.60,  looks rather interesting!

At 1.71, let's assume dividend cut from 12 cents to 10 cents,  yield is about 5.87%. If cut to 9 cents,  yield is 5.26% which is quite a good yield to me. 

Pls dyodd.

 Micro-Mechanics designs, manufactures and markets high precision parts and tools used in process-critical applications for the semiconductor and other high technology industries.

The Group’s strategy is to relentlessly pursue product and operational improvements while providing fast, effective and local support to its customers worldwide.

In addition to designing and manufacturing a market-leading range of consumable tools and parts used in the assembly and testing of semiconductors, the Group also engages in the contract manufacturing of precision parts and tools used in process-critical applications for the semiconductor wafer-fabrication and other high-technology industries

Micro-Mechanics became a public corporation and listed on the SGX-Sesdaq in Singapore in Jun 2003. On 22 July 2008, the listing and quotation of its shares was upgraded to the SGX Mainboard. Since its listing, the Group has received multiple awards in recognition of its high standards of corporate governance, quality of disclosure, transparency and investor relations.

Chart wise, bearish mode!

I think she is trading at an interesting price level hovering near the support level about 1.80-1.82.

Yearly dividend may be cut from 12 cents to 10 cents. Or worse case scenario may be 8 cents.

10 cents dividend at 1.82 we are looking at 5.49% or 8 cents dividend , yield is 4.4%.

You may take a look at the company past dividend paid out for your reference:

Pls dyodd.