MMSV was established as the investment holding company of MMSV Group in conjunction with the listing of MMSV on the ACE Market (Formerly known as MESDAQ Market). Currently, MMSV has 2 subsidiary companies namely Micro Modular System Sdn Bhd ("MMS") and Evolusys Technologies (Malaysia) Sdn Bhd ("Evolusys"). MMS is designing and manufacturing industrial automation, as well as designing precision die sets, jigs and fixtures. Evolusys is developing hardware and software for automation and test solutions. For more information, click here.

For the 9 months ended 30.09.14, the EPS of the company is  5.36 sen. In the corresponding period of the previous year, the EPS was 2.46 sen. This is an improvement of 117%. 

The company is progressing well. The Board of Directors expects the result for the remaining quarter to be reasonably good. Assuming that the last quarter comes in at 2.88 sen which is the same as the third quarter, then the EPS for fiscal year ended 31.12.14 will work out to be 8.24 sen. At the last traded price of 53.5 sen per share, the forward PE works out to be 6.49 which is undemanding. 

For the fiscal year ended 31 Dec 13, some key statistics of the company are as follows:

Net Profit Margin: 22.17%; Return on Equity: 31.09%; Current Ratio: 2.09; Quick Ratio 1.61. 

EPS: 3.08 sen. Total debit to total equity: 0.0012. These statistic figures are expected to be further improved for fiscal year 2014. 

Dividend per share was 1 sen last year. In view of the improving result, I expect dividend for this year to be 2 sen. 

My overall view is that at 53.5 sen, this growth stock is a buy.

Investment is not without risk. Be aware of the forwarding-looking statements in this article and buy at your own risk. You are fully responsible for your own action.