Decreased revenue and decreased profit were expected since the quarter in question included at least 5 weeks of non-activity (April - early May). Going forward there should be significant uptick in production/sales in the current Jul-Sep quarter, especially with VS Industry's favorable announcement dated 18/8/20, about securing an important new customer. by the way, share prices will always reflect what will be and very little about what had been.
I read with bewilderment the Aug 26 Affin Hwang research report on MTAG's latest QR results whereby it assigned a PE of only 14x for MTAG based on the so-called 5-year EMS sector average of 16x. This is an unusual and unprecedented economic period that we are going through. While some glove stocks, for example, are trading at PE of 50, 70 or even 100, MTAG should probably command a much higher and more reasonable PE.
how can this company survive with huge pile of cash over 100 million and Zero debt ??... means room for expansion is there. Other company to have 20-30 m cash also difficult.
An interesting observation about 3 IPOs that took place in 2019: Greatec, UWC and MTAG. The first two are listed in tech sector while MTAG in industrial products/service. Since the day of IPO, share prices of Greatec and UMC never looked back and have already burst through the roof, hitting RM7 level whereas MTAG's share price is still languishing as penny stock! Needles to say, shares of Greatec and UWC are now trading at PE above 50x. In comparison, MTAG shares with its solid fundamentals look so grossly & unreasonably "low key" ....
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....
goodiewilly
2,903 posts
Posted by goodiewilly > 2020-08-25 16:02 | Report Abuse
Too volatile...ip yo 1.20 N now 0.70..only half month