funny those guy expect qoq improved each qtrl. or those able to make their business every qoq improved each qtrl. those guy only know type n talk like brainless
The Group recorded a revenue of RM11.844 million for the current quarter, a remarkable increase of 143% (RM6.978 million) as compared to RM4.866 million of the corresponding quarter in the previous year. The quarter under review recorded an increase in sales of machines to the manufacturers of smart devices and general lighting segments as well as the OEM and ODM customers. These customers have bumped up their orders during the period so as to meet their production needs arising from the launching of their new products.
The total revenue of the Group of RM75.569 million for the period ended 31 December 2017 increased by 112% (RM39.985 million) as compared to RM35.584 million reported in the previous financial period. The increase in revenue was bolstered by increase in number of machines sold as well as their selling price.
Commentary on prospects In a rapidly changing tech sector, new products would come into market place and this will present new opportunities for the Group. Among the many products, we are exploring sensor and IOT related products while smart devices, automotive and general lighting remain our main stay.
Chipmaker stocks could rise further based on the latest North American billings data for January, which jumped by 27.2 percent versus the same period a year ago.
IMalaysian semiconductor super growth was offset largely by bearish USDMYR in the second half of 2017. Some people say that semiconductor growth will be moderated in 2018, while others hope for semiconductor supercycle.
I am of the opinion that if USDMYR rebounded nicely, Malaysian semiconductor growth in 2018 will be greater comapred to 2017.
Extracted from the reported Accounts: The increase in administrative expenses was mainly due to increase in some overheads in line with increase in operational volume as well as some professional costs incurred in connection with the Group’s proposed transfer listing exercise. Anyone know when roughly is the transfer listing exercise???
KLCI would run high for a week then down for 3 weeks, and it happen entire year.
To go up few cents takes few weeks but dropping 10c or 20c happen in a minute.
Question now, if everytime like this, so when we will be making money in stock market?
For me there is only one answer, buy a good company and hold for long term. If within a year it cannot gives you better return than PNB related funds, then it time to review your portfolio.
Always only invest 1/3 of your capital at a time. When market bleed (will always come), so you hve opportunity to ave down.
And if there is a sign of high risk, you may opt to lock profit rather than taking the risk.
But this is my opinion only and may not correct all the times.
Y'day I my 20K paper profit just gone away in a minute due to HY and Masteel drop. Sigh.
And when dayang suddenly up to 88c just before qtr out, i didnt sell eventhough its perdana posted losses. My ave was 77c and have 500 lots. Paper profit 5K had vanished too. The next day dayang posted 55m loss and settle down at 80c.
Total paper profit gone this week 25K. Just sharing maybe something can be learnt.
Ideally you should start buying semiconductor stocks when USDMYR hits a bottom, but nobody knows when it hits a bottom, so start buying semiconductor stocks now!
In the Prospects Statement for Q4 reporting, the management represented “In a rapidly changing tech sector, new products would come into market place and this will present new opportunities for the Group. Among the many products, we are exploring sensor and IOT related products while smart devices, automotive and general lighting remain our main stay”. There is a big market in the sensor and IOT related products which the management is exploring. It is important for MMSV to get on the Approved Vendor List of big players to grow with the industry.
Though Q4 result could be disappointing, though earlier management had given guidance it would be better than Q1 net profit of RM4.1 mil but instead reported a profit of RM2.7 mil. As nature of the industry is always cyclical and depending on orders received
However for the year turnover had increased by 112% to RM75.6 mil from RM35.6 mil and net profit had increased by 121% to RM21.05 mil from RM 9.52 mil. The Gross profit margin had increased to 34.57 compared to 2016 and 2015 of 32.59 and 32.38 respectively
I would say it is a great performance if not for the Q4 dropped in top and bottom line. Earlier management had also explained you cannot look at Q2 as a base to compare to Q3 and Q4 as it was an exceptional good qtr. As MMSV had made in road to new customers and expanded its sales in 2017 reflected by the result.
We need to observe its next qtr performance to confirm it business is intact. The industry is still uptrend based on comment on prospect below by similar player in the industry. The catalyst would be its transfer to Main Board
At today closing of 160, it is trading at PE 12.24 compared to Vis PE 12, Penta 21.39, Vitrox 36.81 and Elsoft 23.41
Prospects Statement by Board of key players in MMSV Industry
Penta
Current Year Prospect The Group expects 2018 to be another good year with the continued strong demand from our customers as evidenced by the secured orders received up to 31 December 2017 that is expected to be delivered in 2018. With such volume of secured orders, the Group intends to further strengthen its market position and expand its business by keeping abreast of the latest technological trends and requirements relevant to the industry and increasing its presence in key geographical markets such as the Greater China region and the United States of America as well as diversifying into other high growth potential industries such as automotive, healthcare equipment and medical devices to broaden its customer base and revenue.
Vitrox
Prospects for the financial year ending 31 December 2018 The Board is optimistic on the business prospect for the financial year 2018. The Group will continue to focus on market expansion activities, customer relationship building and product innovation to grow our business further in the new financial year. Besides that, the Group has taken steps to minimise its net monetary assets in order to mitigate the financial impacts arising from currency fluctuation.
Elsoft
Barring any unforeseen circumstances, the Board is optimistic on the Group’s prospects for the coming financial year.
Visdynamic
Worldwide semiconductor sales increased in 2017 as compared to 2016 and the latest industry forecast (by WSTS - World Semiconductor Trade Statistics) was revised upward and projects annual global market growth of 20.6 percent in 2017 and 7.0 percent in 2018. Coupled with the introduction of new product models, the Company is confident of the business prospects for the following financial year.
Hi Investor 9999, just to highlight my 2 cents, I think MMSV did not mention the 4Q17 will be better than Q1, in Q317 prospect, it only said : "The Board foresees that the performance for the remaining quarter will therefore be good. I notice the quarter is without 's', meaning it must be Q4. And how to judge good? I think, so long it is better than 16Q4, it can said good already. And I think the Q1 is referring to 18Q1??
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Posted by Nitezzz > 2018-02-27 17:36 | Report Abuse
ok la all brosss...with so many company making losses , and ringgit vs usd fluactuation, mmsv is already performace nice.