I think this is a reasonable price to buy given that the PE ratio is only 11. Moreover it products are ranging from labels for EMS to semiconductor packaging i.e. cover and carrier tape. Very unique. I think down side is limited.
Moreover, Mtag also sells statics controls (ESD) products for 3M , these are very critical in semiconductor indusctry to control the statics of RF devices.
Mtag (0213): MTAG supplies gloves and mask too.. NTPM (5066): another stock for Corona Virus as sanitizing products are essential at this point of time.
Let us see tomorrow anyhow i note the vol is big that is good weak holders brush off very professional now the big boys control the shares and they know their fundamental
With the Wuhan Coronavirus pandemic and news/confirmation of person to person infection (in Japan & Germany) outside China today, I think MTAG shareholders are in for an exhilarating ride. The theme of play will be in Glove, Healthcare & Hygiene counters for at least the next few weeks/months.
Confirmation of person-to-person transmission in Germany, Vietnam, Taiwan and Japan - as opposed to a traveller from China - has heightened concern and death toll reaching 131. Effectively, there is also a person-to-person transmission in Malaysia based on the latest news flow of the mother from China getting the virus from her two children after initially testing negative. Yet, no PHEIC from WHO. Baffling :-|
Interesting and active trading, which augurs well. It is good profit taking for those that bought at the Lows to exit but the consolidation phase will propel the shares higher. Not good if it is a lackluster stock with minimal intra day spread. Fasten the seat belt and enjoy the exhilarating roller coaster ride. It is certainly not for the faint hearted but perfect stock for value investors. Overall, fundamental and QR results will propel the share price to new High.
Consolidation phase is always good for stock that have spiked up strongly in a short period with high volume. As long as fundamentals and situational event still intact, it will just propel the stock higher over a period of time.
3M has a particularly direct relationship to the crisis as a top maker of protective face masks. The company is “ramping up production to meet the demand” for respiratory protection and other health-care products needed to combat the virus, Roman said.
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....
Aries
659 posts
Posted by Aries > 2020-01-09 23:48 | Report Abuse
Might be bottom already as today long white candle has closed the gap down with low volume a day ago.