Riverstone

Riverstone - Riverstone Holdings Limited, an investment holding company, manufactures and distributes cleanroom and healthcare gloves under the RS brand. It also produces cleanroom finger cots, packaging bags, face masks, and wipers; and other consumables, such as hair nets, static dissipative shoes, safety booties, shoe covers, ESD rubber bands, sticky mats and rollers, swab-polyester and microfibers, antistatic gloves, static dissipative shoes, cleanroom coveralls, and cleanroom papers. In addition, the company trades in latex products; and distributes cleanroom products. Further, Riverstone Holdings Limited offers healthcare products comprising white, blue, black, and accelerator nitrile exam gloves. Its products are used in the hard disk drive, semiconductor, and healthcare industries. The company exports its products primarily to the Americas, Asia, and Europe. Riverstone Holdings Limited was founded in 1989 and is based in Singapore.

looking through their financial nos for the past few years. They are expanding and doing very well in terms of overall Total Revenue has been consistently increasing at a Compounded Annual Growth Rate of 13.96% a double digits grow of Gross revenue which is considered very good.

Gross Profit has been constantly increasing at a Compounded Annual Growth Rate(CAGR) of 20.4% from RM97.8m to RM197.8m. Gross profit margin has been maintaining above 20% at 24.2%. This is rather healthy and superb for a growing company.

Net Profit amount has been generating a high end double digits percentage of Average 18.6%.
What a spectacular achievement. The Net profit amount has seen a great improvement of RM58m from 2013 to RM 129.3m in 2017. It is growing at a CAGR of 24.58%. I would say is an outstanding achievement.

Super Healthy Cash flow generation for the past few years as can be seen from the financial results the Ops cash flow activities has been increasing from RM80.2m to RM145.7m. 

The company has a robust balance sheet of which the total borrowing is about RM25M, Cash on hand is RM114.25m, a net net position company with net cash position of RM89.25m.

Next on to their efficiency. Riverstone's return on assets (ROA) and return on equity (ROE) have maintained well from 2013 to 2017. In fact, I looked at their past trend these two return Metrics and they have maintained well at current levels of ROA (above 13%) and ROE (above 20%). We must realise that it is not easy to maintain the ROA and ROE in any business while it is growing it's assets and shareholders' equity through time. To be able to maintain the same level or even increase the level of ROA and ROE would mean the business has high efficiency. Riverstone just demonstrated their high efficiency in their businesses. If they can continue to maintain these same levels of returns, I will be even much more impressed with them.

ROA - is a measure of company profitability relative to total assets. It is calculated by dividing Tax Effective EBIT ( earning before interest and tax) by average total assets over a twelve months period.


ROE - is a measure of company profitability relative to total equity. It is calculated by dividing Tax Effective EBIT ( earning before interest and tax) by average total equity over a twelve months period.

Investor would be pleased to know that they are able to constantly increasing the paying out of the dividend over the past years as reflected on the chart below. This is a plus factor and a very pleasing way of rewarding the investor.


OUTlook:

Phase 4 expansion is now completed with seven production lines fully commissioned, bringing the Group’s total annual production capacity to 7.6 billion gloves

 Phase 5 expansion is now underway with an additional 1.4 billion pieces to ramp up total annual production capacity to 9.0 billion pieces by end FY2018

 Phase 6 expansion to add another 1.4 billion pieces by end FY2019 to 10.4 billion pieces in total annual production capacity

 Non-HDD markets for cleanroom gloves as well as US and Japan markets for both cleanroom and healthcare gloves continue to gain traction

 Continue to tap on fast-growing markets for healthcare gloves

Key Challenges

Competition • Cleanroom: Continue to target new markets and customers •

Healthcare: Focus on customised and premium products Increase in costs such as raw material, labor, and fuel •

Automation • Improve productivity using Lean Six Sigma • Reduce changeover time by installing an additional line

Investment Merits:

Continues to be in expansion mode driven by growth in both clean room and healthcare gloves – 36.8% increase in production capacity by end 2019 to 10.4 billion pieces of gloves

 Resilient balance sheet with net cash position with continued ability to generate positive operating cash flow

Consistent dividend payout since listing

Committed management team


I have roughly workout the intrinsic Ops Cash flow value of $1.25 taking into consideration the CAGR of 16.14%. Discount factor of 4%.
Let factor in the further discount of 0.85 X $1.25 = $1.06.

Dividend of 2.3 cents p.a. Yield is about 2.25%( current price of S$1.02). 
NAV of S$0.282.

The current price of $1.02 is approaching the fair value of $1.06. Giving the fact that the company is growing and has been consistently increasing their total gross revenue and net profit level. looks like it may trade well above the fair value of $1.06. 
I think if there is any further weakness in price, i may consider to slowly accumulate.
Might be anything between 80-90 cents..That may provide a bigger Margin of Safety.


Is hard to debate how many discount factor percentage to use to calculate the intrinsic value. For this healthcare related company, rolling EPS of 5.7 cents, PE of 17.7 times seems quite attractive. Pls dyodd.
Let say the average PE for a healthcare related company might be trading around PE 22 times. We would have come out a Target Price of $1.25.


not a call to buy or sell.
dyodd. 

Oil & Gas counter - Sembcorp Marine and KepCorp

Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019.

Oil's rise defied a slump in global stock markets, which fell in response to worries about a trade stand-off between the United States and China. Gold, seen as a safe haven, hit a two-week high.

Brent crude futures were at $70.4+ per barrel, up $1.55. U.S. West Texas Intermediate (WTI) crude futures settled at $65.88 a barrel, up 2.5 percent. Both Brent and WTI rose more than 5 percent for the week.

The weekly oil rig count rose by 4 to 804 in total, up 152 rigs from a year ago, Baker Hughes reported.

Since January 2017, the Organization of the Petroleum Exporting Countries as well as a group of non-OPEC countries led by Russia, have curbed output by 1.8 million barrels per day to counteract surging U.S. output.

Saudi Energy Minister Khalid al-Falih said OPEC members would need to continue coordinating with Russia and other non-OPEC oil-producing countries on supply curbs in 2019 to reduce global oil inventories.

OPEC officials have also said producers could look at a longer period than five years for developed-country oil stocks averages as a reference point.

"As the Saudi guessing game for the new rebalancing target begins, Brent seems well positioned to have another crack at the $70 (a barrel) level," PVM said in a note.

Although analysts said the stand-off between the United States and China could hit oil markets, for now most said demand looked healthy.

"Geopolitical tensions are coming to the front. But global balances are relatively tight at the moment. That's enough to amplify relatively small factors," said Andrew Wilson, head of energy research at BRS Brokers.

Morgan Stanley also cited an expected pick-up in seasonal demand in the coming months.

"We are only three-four weeks away from peak refinery maintenance, after which crude and product demand should accelerate ... Global inventories are already at the bottom end of the five-year range," the U.S. bank said.

"There are sufficient reasons to expect oil prices to strengthen further from here, and we stick with our (Brent) $75 per barrel call for Q3," Morgan Stanley said.

Goldman Sachs said in a note this week demand and OPEC cuts pushed their Brent spot price expectations to $82.50 a barrel by mid-year.quote : (https://www.cnbc.com/2018/03/22/oil-focus-on-saudi-arabia-comments-that-curbs-could-last-into-2019.html)

Keppel Corp - NAV of $6.311.
Rolling EPS of $0.12, PE of 69 times at current price of $7.72 per share.
dividend of 22 cents, Yield is 2.73%.
With Crude oil price estimated to go higher towards $70 per barrel.
Kepcorp may see price heading higher once the new order for building new Rigs come .
Various analyst has a Target price of bewteen $7.92 to $10.00.
Short term wise, price may fluctuate and stuck within $7.50 to $7.85.


Sembcorp Marine - NAV of $1.207.
Rolling EPS of 3.9 cents.
PE of 69 times.
dividend of 2.5 cents, yield of 0.95%.
Price has already been running up from the low of about $1.30+ to a high of $2.70 level as the future crude oil price estimated to go higher.
It seems that the price has already factor in the rise of this oil price and the possibility of securing new order for building Rigs.Like wise, for Kepcorp price may not go far with the current market sentiment gearing towards the down side. dyodd

Short term wise, I think it may not likely to go anywhere. Might be stuck within $1.90 to $2.20. We may need sometimes to see the financial results in order to re-assess the fundamental value for this counter. At this moment, price is moving ahead of fundamental of which I think is more of a speculative move. dyodd.

Sembcorp Marine - Sembcorp Marine Ltd, an investment holding company, provides marine and offshore engineering solutions worldwide. It offers turnkey solutions for projects in the areas of conversions and new builds, including floating, production, storage, and offloading units; floating, drilling, production, storage, and offloading; floating storage and offloading vessels; floating production units; floating LNG; floating, storage, and regasification units; and mobile offshore production units, as well as drill ships, semi-submersibles, jack-up rigs, and TLP and SPAR constructions. The company also provides marine repair services, such as afloat and emergency repair, underwater cleaning and repair, main engine maintenance and repair, mechanical repair, steel and pipe work, electrical and instrumentation repair, motor rewind repair, tank cleaning, sludge and oily waste disposal, staging work, hydro jetting and hydro/vacuum blasting, riding crew and voyage repair, specialized workshop repair and reconditioning, vessel towage and port clearance arrangement, and specialists service and navigation, automation, safety, and fire protection services. In addition, it offers offshore platforms, which includes engineering, construction and fabrication of offshore structures, wind-farm substations, and LNG modules; and designs and builds accommodation and crane barges, offshore support vessels, harbor and ocean-going tugs, dredgers, research/seismic/multi-purpose vessels, heavy-lift pipelay vessels, and container/heavy cargo/LPG/LNG carriers. The company was formerly known as Jurong Shipyard Ltd and changed its name to Sembcorp Marine Ltd in 2000. The company was founded in 1963 and is headquartered in Singapore. Sembcorp Marine Ltd. is a subsidiary of Sembcorp Industries Ltd.

Keppel Corp - Keppel Corporation Limited, an investment holding company, engages in the offshore and marine, property, infrastructure, and investments businesses in Singapore and internationally. The company engages in the construction, fabrication, and repair of offshore production facilities and drilling rigs, power barges, specialized vessels, and other offshore production facilities; research and development on deepwater engineering; the engineering, construction, and fabrication of platforms for the oil and gas sector, shipyard works, and other general business activities; the procurement of equipment and materials for the construction of offshore production facilities; and ship owning business. It is also involved in the trading and installation of hardware, industrial, marine, and building related products, as well as the provision of leasing services; production of jacking systems; sourcing, fabricating, and supply of steel components; ship repairing, shipbuilding, and conversions activities; marine contracting; painting, blasting, shot blasting, and process and sale of slag; property investment and development activities; fund management; golf course and hotel ownership and operation; development of marina lifestyle and residential properties; marketing agency business; trading of construction materials; development of district heating and cooling systems; electricity generation and supply, and general wholesale trade businesses; purchase and sale of gaseous fuels; trading of communications systems and accessories; and travel agency business. In addition, the company offers property management, engineering and procurement, towage, financial, trust management, logistics and supply chain, warehousing and distribution, data center, and co-location services; and technical consultancy for ship design and engineering works, as well as solid waste treatment solutions. Keppel Corporation Limited was incorporated in 1968 and is based in Singapore.

DBS

DBS - DBS Group Holdings Ltd provides various commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment provides financial services and products, such as short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; and corporate finance and advisory banking, as well as capital markets solutions. This segment serves institutional clients comprising bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium-sized businesses. The Treasury Markets segment is involved in structuring, market-making, and trading across a range of treasury products. The Others segment offers Islamic banking services. The company operates approximately 280 branches across 18 markets. DBS Group Holdings Ltd was incorporated in 1968 and is headquartered in Singapore.

Total Revenue - is growing at a CAGR of about 5.97% for past 4 years from 2013 ( 8377m) to 10377m in 2017.

Net Income has risen from $3672m to $4371m . It is growing at a CAGR of 4.8%. 

Net Income margin is super good growing at super high double digits of 42.12%..

Return of Assets & Return of Equity has been hovering at high single digit of above 9%.

The dividend paying out has seen a vast improvement from 58 cents to 93 cents. A whopping increase of almost 60%.  

With interest rate hikes likely to go higher. Bank counter may benefit and boost their total revenue and total Net income level.

US has just increased the rate hike of 0.25% on Mar 2018. It is estimated that total about 3 hikes may happen in 2018.

With interest rate is gearing towards moving up higher, bank revenue may be further strengthen.
I think any weakness in price might be an opportunity to take  look at these bank counter.dyodd.

US has just imposed a import tariff of 60 Billion (

slaps China with tariffs on up to $60 billion in imports)

. for more details you may refer to below link:
(https://www.cnbc.com/2018/03/22/trump-moves-to-slap-china-with-50-billion-in-tariffs-over-intellectual-property-theft.html)

NAV of $17.804
Rolling EPS of 1.664
Dividend yield of 3.237%
Price / NAV is 1,61 times

So it is a good price to consider this counter which is trading at 1.61 times book value.
For a bullish market condition, it looks like it is trading at the premium / historical peak price.
i think value investor may be looking to consider adding if it is training near or below its NAV or book value of $17.804.
Not a call to sell or buy. dyodd.

From TA point of view, it is rather bearish with the Gap down being reflected on the chart today .
Volume is quite high too which is indicating Bear could be in control of this situation. It might take the next few trading days to re-assess the situation.

With this Gap down , it has broken down the lower bollinger bands and likely to see further weakness. If it is able to rise back to re-capture the immediate support at $28.00 that is becoming the current resistance level.  Failing which, we may see it slide further down towards $26.00 with extension to $25.00

I think durians is dropping! is it a good time to zoom in ! 
I would rather wait for next few days for things to settle down before making further decision/action. dyodd

( Trade/Invest base on your own decision)

Solid investing counters

Solid investing counters

If profits were evaporating for a stock I am excited about, I will get even more excited because that also means the share price is coming down which offers me a chance to add to my position in this same exciting stock if the price is worth adding more. Then the next round when the price heads higher again, I will be multiplying the profits in this same stock on a larger position. It is great to hold an increasingly larger position in an exciting stock through time of which it's underlying business fundamentals are strong and growing fast whenever the share price is sensible to keep adding to one's position, the more exciting the share price at cheap valuation the better for an exciting business!


Nice investing wisdom! Any counter to share  @jeremyowtaip?

Try the following list. I think value investors also holds some of the stocks as indicated below.

1. Jardine Matheson Holdings
2. Haw Par Corporation
3. DBS
4. OCBC
5. Nordic
6. Riverstone Holdings
7. Top Glove Holdings
8. Micro Mechanics
9. Ascendas REIT
10. Parkway Life REIT
11. First REIT
12. CapitaCommercial Trust
13. Mapletree Commercial Tust
14. CapitaLand Mall Trust
15. Suntec REIT
16. Raffles Medical Group
17. UOI
18. Sheng Siong
19. Wilmar
20.Food Empire
21. Sunningdale

Of course, there are other stocks/ REITs which are also good. My selection here are the limited ones I have looked at before and they have already shown consistent performance track record so far and probably will be good to be invested for the long term until their fundamentals should change in future.

Of course, there are other stocks which could be vested for a particular period of time for asset value play and upturn in earnings such as selected boutique property stocks or certain property stocks like Wheelock properties whereby their assets carried on balance sheet maybe too conservatively quoted and hold locked hidden value. Or stocks in the turnaround in profitability in their respective industries or undergoing certain current developments which may favour their forward growth such as AEM Holdings, Yangzijiang in the shipbuilding industry, Wilmar in the commodities play should commoditiy prices head higher and return to previous peak and Keppel Corp in the O&G recovery play.

But, the bright spots I feel are still in selected HK and US listed stocks. I have found so many of them in my watchlist. And many of them really amazes me how much yearly growth they have achieved over the past decade which are somewhere 20% and above consistently for quite a number of those really good ones. They are in great expansion mode for these really high growth companies and their share prices are also in expansion mode where all of them have become multi-bagger stocks giving returns of more than 100% on their share prices over the past decade. If an investor can form a portfolio with all these growth stocks and have held them over the past decade through the ups and downs of prices, he or she would have been richly rewarded now.

A popular example is Apple Inc. which has become a 67-bagger stock over the past decade. Another example is Tencent Holdings which has become a 299-bagger stock over the past decade as it has done stock split(s) before. My conclusion is that the pasture is really greener outside if one knows how to pick the right stocks in the overseas markets.

It will be good for serious investor to start digging into the financial numbers and do their own homework before investing on any of these counters.

For one has to know the health of the company, profit level/margin, CAGR % increase for Total revenue , Gross profit and EPS for the past 5 years

. Whether the cash flow is good or not properly managed.Debts level is it ok. cash flow is sufficient to support the dividend payout etc.

Not a call to buy or sell.Trade/invest base on your own decision.

Don't know where it will end for Diw correction!. Doesn't matter. If market correction intensifies, I will use this golden opportunity to rebalance my portfolio.

If bear market should develop anytime soon, I will rebalance by taking some profits off the shares I will like to decrease allocation and increase the position in the shares I will like to reach my ideal weightage allocation during the price decline. It will be so much a breeze to do the rebalancing and repositioning when prices are going cheap.

Hope this little thought and ideas can make you Huat big big for year 2018 and beyond!

Haw Par - Haw Par Corporation Limited, together with its subsidiaries, manufactures, markets, and trades in pharmaceutical and healthcare products. The company’s Healthcare division principally manufactures and distributes topical analgesic products. This division offers ointments, soft, plasters, muscle rubs, liniments, oils, mosquito repellent sprays, mosquito repellent patches, mosquito repellent aerosols, arthritis rubs, joint rubs, neck and shoulder rubs, neck and shoulder rub boosts, back pain patches, ultra thin patches, lotions, and cooling patches under the Tiger Balm name; muscle gels, muscle rubs, and muscle sprays under the Tiger Balm ACTIVE name; and medicated oils and refreshers under the Kwan Loong name. Its Leisure division provides family and tourist oriented leisure alternatives through its owned and operated oceanarium, including Underwater World Pattaya located in Thailand. The company’s Property division owns and leases out various investment properties in the Asia region. This division’s investment property portfolio comprises 45,399 square meters of commercial and industrial space in Singapore and Malaysia. The company’s Investment division invests primarily in quoted and unquoted securities in Asia region. Haw Par Corporation Limited also provides management support services; and leisure-related goods and services, as well as invests in properties and securities. The company distributes its products in the Americas, Africa, the Middle East, Asia, Australasia, and Europe. Haw Par Corporation Limited was formerly known as Haw Par Brothers International Limited and changed its name to Haw Par Corporation Limited in 1997. The company was incorporated in 1969 and is based in Singapore.

Riverstone - Riverstone Holdings Limited, an investment holding company, manufactures and distributes cleanroom and healthcare gloves under the RS brand. It also produces cleanroom finger cots, packaging bags, face masks, and wipers; and other consumables, such as hair nets, static dissipative shoes, safety booties, shoe covers, ESD rubber bands, sticky mats and rollers, swab-polyester and microfibers, antistatic gloves, static dissipative shoes, cleanroom coveralls, and cleanroom papers. In addition, the company trades in latex products; and distributes cleanroom products. Further, Riverstone Holdings Limited offers healthcare products comprising white, blue, black, and accelerator nitrile exam gloves. Its products are used in the hard disk drive, semiconductor, and healthcare industries. The company exports its products primarily to the Americas, Asia, and Europe. Riverstone Holdings Limited was founded in 1989 and is based in Singapore.

Kepcorp And Sembcorp Marine

With oil price rises 2.2% to 3-week highsettling at $63.40 per barrel , on Middle East tension and falling Venezuela output this may drive the oil price to rise further . Oil price seems to cross over the upper trendline of the symmetrical triangle looks bullish! Both Keppel Corp and Sembcorp Marine are trading in a same chart patterns as reflected on the chart. Kepcorp may need to cross over $7.85 in order to overcome the 50MA line.

Similarly for Sembcorp Marine will likely need to overcome $2.12 which is also coincide with the 50MA line.

With Dow overnight close positive with +116.36 points to 24727.27 , this may bring cheers to local market.

If Kepcorp can re-conquer $7.85 price level with ease + good volume it may propel to drive the price higher to test $8.00 and above.

Similarly for Sembcorp Marine, if the price is able to breakout $2.12 level smoothly it may continue to drive the price higher to test $2.20 and above.

Not a call to buy or sell.
Dyodd.

Keppel Corporation Limited, an investment holding company, engages in the offshore and marine, property, infrastructure, and investments businesses in Singapore and internationally. The company engages in the construction, fabrication, and repair of offshore production facilities and drilling rigs, power barges, specialized vessels, and other offshore production facilities; research and development on deepwater engineering; the engineering, construction, and fabrication of platforms for the oil and gas sector, shipyard works, and other general business activities; the procurement of equipment and materials for the construction of offshore production facilities; and ship owning business. It is also involved in the trading and installation of hardware, industrial, marine, and building related products, as well as the provision of leasing services; production of jacking systems; sourcing, fabricating, and supply of steel components; ship repairing, shipbuilding, and conversions activities; marine contracting; painting, blasting, shot blasting, and process and sale of slag; property investment and development activities; fund management; golf course and hotel ownership and operation; development of marina lifestyle and residential properties; marketing agency business; trading of construction materials; development of district heating and cooling systems; electricity generation and supply, and general wholesale trade businesses; purchase and sale of gaseous fuels; trading of communications systems and accessories; and travel agency business. In addition, the company offers property management, engineering and procurement, towage, financial, trust management, logistics and supply chain, warehousing and distribution, data center, and co-location services; and technical consultancy for ship design and engineering works, as well as solid waste treatment solutions. Keppel Corporation Limited was incorporated in 1968 and is based in Singapore.

Semb corp Marine Ltd, an investment holding company, provides marine and offshore engineering solutions worldwide. It offers turnkey solutions for projects in the areas of conversions and new builds, including floating, production, storage, and offloading units; floating, drilling, production, storage, and offloading; floating storage and offloading vessels; floating production units; floating LNG; floating, storage, and regasification units; and mobile offshore production units, as well as drill ships, semi-submersibles, jack-up rigs, and TLP and SPAR constructions. The company also provides marine repair services, such as afloat and emergency repair, underwater cleaning and repair, main engine maintenance and repair, mechanical repair, steel and pipe work, electrical and instrumentation repair, motor rewind repair, tank cleaning, sludge and oily waste disposal, staging work, hydro jetting and hydro/vacuum blasting, riding crew and voyage repair, specialized workshop repair and reconditioning, vessel towage and port clearance arrangement, and specialists service and navigation, automation, safety, and fire protection services. In addition, it offers offshore platforms, which includes engineering, construction and fabrication of offshore structures, wind-farm substations, and LNG modules; and designs and builds accommodation and crane barges, offshore support vessels, harbor and ocean-going tugs, dredgers, research/seismic/multi-purpose vessels, heavy-lift pipelay vessels, and container/heavy cargo/LPG/LNG carriers. The company was formerly known as Jurong Shipyard Ltd and changed its name to Sembcorp Marine Ltd in 2000. The company was founded in 1963 and is headquartered in Singapore. Sembcorp Marine Ltd. is a subsidiary of Sembcorp Industries Ltd.

Memtech

Memtech - from TA point of view, it is still on a uptrend mode patterns and may likely continue to trend higher! It had a good run from $1.23 on 8th Feb 2018 to touch the high of $1.92 on 13th Mar 2018. Looks rather bullish !
Currently, it is taking a breather after hitting the high of $1.92 and close lower at $1.77 today.
Look for the market confirmation to drive the price higher to re-test the recent high of $1.92 . Breaking out of $1.92 with ease + good volume that may propel to drive the price higher to $2.00 and above.
Not a call to buy or sell.
dyodd

Memtech International Ltd., an investment holding company, manufactures and sells mold, rubber, and plastic components for automotive, industrial and medical, mobile communications, and consumer digital products. The company offers rubber parts; decorative plastics comprising car key fobs, logos, plating rings, audio and temperature control panels, cluster application products, and infotainment panels; and light guide plates, car revolving buttons and keypads, emergency and car buttons, electron shells, steering buttons, hand break lifters, and power window buttons. It also provides TV remote controls and control keypads, gaming controllers, light guide panels, routers, router panels and shells, speakers, and wearable devices; industrial PDA’S, barcode scanners, and blood glucose meters; antennas, mobile antenna casings, window lens products, metal dome and light guide films, and mobile and waterproof housings; and single and double shot, electroforming, and other tooling products. In addition, the company engages in the trade of electronic products; and manufacture of medical equipment and related packaging materials; and production of translucent lens for flash light in mobile phones, as well as touch screen panels. Memtech International Ltd. was incorporated in 2003 and is based in Singapore.

NAV $1.171, Rolling EPS 14.4 cents, PE 21.3 times.. Dividend of 5.5 cents, yield of 3.1% base on current price of $1.77 per share.

From the Past financial results, we are able to see that the diluted EPS as been generally increasing from -1.1 cents (2013 ) to 7.3 cents on 2017.  A vast improvement of CAGR of 50%. Looks promising.

Net Income has generally increasing from the low of -4.8 ( 2013 ) versus 18.8 m( 2017) . A big turn-around as compare to the loss of -$4.8M 4 years ago. 

Return of Assets has been improving from a negative -0.25%(2013) versus +4.78% on 2017.

Return of Equity -3.96% (2013) versus 11.96%(2017)

Looking further into the Balance Sheets items , we can notice that the company is in a Net Net position as it Current Assets ($191.198) is able to cover the total Liabilities ($80.321).

Cash flow Operations is also looking rather healthy that saw its amount increase from $11.09M versus $16.41m(2017).

Net change in Cash also witnessed the healthy grow of $2.75m to $10.08M.

quote : 
CIMB has a price target of $1.76 which is based on 12 x FY19F P/E ( above regional peer's of PE 11.4X).

UOB Kh has a price target of $1.43

It seems that the current price is trading at a premium level and trader/investor might want to take note of this and trade with extra cautious!