MMSV public float shares outstanding is around 40% of its 163M. There are some funds n foreign Institutions holding its shares. MMSV can become hot stock, when more foreign n local Institutions n funds, gobble up its limited shares outstanding! It is just like KESM, so little outstanding shares. At that time, estimate for yourself, what is the market cap of MMSV? Some people, can even come out with better probability, why its share price can go down! Maybe Fatty Kim, releases the wrong button, then it can happen. When it happens, I am the first one to 'sailang', becoz, its fundamental too solid, plus its EPS growth prospects so... amazing. It is already so much Undervalued...!!! Thanks!
According to Wall Street Journal, MMSV's public float are 39.09 M or about 23.9% of shares outstanding. Trailing 12-month P/E ratio 13.4. If transferred to main board, it's reasonable to expect its shares to trade at P/E above 20, closer to Penta which is now trading at P/E 25.
I think WSJ also make mistakes. Minimum requirements in Ace n Main Board of Bursa, must have at least 25% of public float. For Main Board listing, uninterrupted PAT must be 20M, for 3~5 years. Latest PAT must be at least 6M. That's are requirements from Bursa. Thanks!
Wow...6.37am...i haven't wake up. Now only I check my MMSV. 'sailang' it means you put all your money into this One. Better don't, need to standby at least 20% of your bullets, for dollar cost Averaging, even if you only buy MMSV. Good Luck...!!!
Year to date, the Bursa Malaysia Technology Index has soared 84% to 40.63 points — its highest level since 2005. The majority of semiconductor-related counters on Bursa have climbed at least 50% to as much as 290%.
The share prices of Malaysian outsourced assembly and test (OSAT) companies have risen more than 77% year to date while those of automated test equipment (ATE) manufacturers have almost tripled.
For instance, Unisem (M) Bhd, Globetronics Technology Bhd, Inari Amertron Bhd and Malaysian Pacific Industries Bhd (MPI) have gained between 50% and 111% while ViTrox Corp Bhd, Elsoft Research Bhd, Aemulus Holdings Bhd, MMS Ventures Bhd (MMSV), VisDynamics Holdings Bhd and Pentamaster Corp Bhd have shot up between 97% and 290%.
JF Technology Bhd and FoundPac Group Bhd also saw their share prices advance 13% and 272% respectively.
Pentamaster, which almost quadrupled to RM2.44 per share, giving it a market capitalisation of RM772 million, is the top gainer among its peers, followed by JF Technology, ViTrox and MMSV. With a YTD gain of more than 200%, these stocks are among the top performers across the board.
A quick check on Bloomberg shows that OSAT companies still offer an upside potential of 10% whereas ATE manufacturers seem to have overshot by 12% based on analysts’ consensus target prices.
The leap in share prices this year is indeed a sharp contrast to their performance in 2016.
To recap, ViTrox and Unisem rose only 10% and 2% respectively last year while Globetronics, Inari Amertron and MPI fell.
Malaysian semiconductor companies are involved in the mid to lower end of the value chain, serving foreign semiconductor manufacturers, brand owners, integrated circuit developers and fabricators. They can be divided into three groups.
The first group comprises OSAT companies such as Unisem, Globetronics, Inari Amertron and MPI, which mainly provide outsourced services, including assembly, packaging, fabrication and testing.
The second group consists of ATE manufacturers like ViTrox, Elsoft, Aemulus, MMSV, VisDynamics and Pentamaster, which serve the OSAT companies and other multinational semiconductor manufacturers.
The third group comprises the likes of JF Technology and FoundPac, which design and manufacture high-performance test sockets and other materials for OSAT companies and semiconductor firms.
The tech bulls that are charging ahead this year remind many of the dotcom mania at the start of the century. An expectation of exponential growth in the demand for semiconductors due to the growing deployment of artificial intelligence and the Internet of Things has created keen interest in the sector.
@SuperPanda Dont worry, haters wont last long in this forum. I was targeted by a hater in Evergreen and SerbaDk forum (you still can see his comments in my blogs), during the bad time, he was firing at all cylinders, he also fired at other investors in HengYuan and Petron forum. MIA long time ago since their share prices shoot up (Evergreen not yet).
So just chill, the result will give a big slap to haters’ face, just a matter of when.
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....
geary
6,385 posts
Posted by geary > 2018-01-01 18:24 | Report Abuse
MMSV public float shares outstanding is around 40% of its 163M. There are some funds n foreign Institutions holding its shares. MMSV can become hot stock, when more foreign n local Institutions n funds, gobble up its limited shares outstanding! It is just like KESM, so little outstanding shares. At that time, estimate for yourself, what is the market cap of MMSV? Some people, can even come out with better probability, why its share price can go down! Maybe Fatty Kim, releases the wrong button, then it can happen. When it happens, I am the first one to 'sailang', becoz, its fundamental too solid, plus its EPS growth prospects so... amazing. It is already so much Undervalued...!!! Thanks!