I highlighted MMSV on Dec 08, 2014 as a good buy at 53.5 sen. 

At 11.50 am today, the share price has gone up to 62.5 sen. This is an increase of 9 sen. Together with the interim dividend of 1 sen, the gain is 10 sen or 18.69% over a period of 3 months and 18 days. While this is not something to shout about, nevertheless, the gain can be considered as commendable. 

What is the status quo of MMSV now? Let us take at look as its latest balance sheet. As at 31 Dec 2014, the key statistics are as follows:

Share Issued: 163 ml shares

Par Value: 10 sen

Revenue for the year: RM39.691 ml

Net Profit: 10.645 ml

Net Profit Margin: 26.343%

EPS: 6.41 sen

Total dividend for the year: 2 interim dividend of 1 sen each

Total non-current assets: RM9.922 ml

Total current assets: RM30.468 ml of which RM15.715 is in cash and cash equivalent

Total equity: RM31.402 ml

Total non-current liabilities: RM503,000 

Current liabilities: RM8.486 ml

Current ratio: 3.59

Quick ratio or acid-test ratio: 2.72

Return on equity: 33.90

Debt to equity ratio: Not applicable, as the company has zero borrowings

Some of the things I like about this stock are as follows:

Current ratio of 3.59 means that the company is solvent and solid.

Its cash position is high. Thus, the company does not have any cash problem.

The Return-on-equity ratio of 33.9 shows that the management is competent.

As for growth, the company's profit has surged 109% in 2014 when compared to the profit of the preceding year.

Inter alia its filings with Bursa are the following statements:

The Group's total revenue of RM39.691 million for the year ended 31 December 2014 marked a hefty increase of 49% (RM13.017 million) as compared to RM26.675 million reported in the previous financial year. The higher revenue was contributed by the higher volume of machines delivered to meet the surge in the market demand of smart phones/devices together with the LED related products. This higher revenue was attributed to the Group's ability to penetrate into the niche market of smart phones/devices. 

Profit before tax surged by a significant 109% (RM5.479 million) to RM10.510 million from RM5.031 million in the preceding year, mainly attributable to the increase in revenue coupled with the favourable forex gain during the financial period under review.