| Latest Forum Topics / Miyoshi Last:0.003 -- |
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Does this counter give good dividend?
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DnApeh
Master |
18-Apr-2007 12:55
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Can anybody please advise on the best course of action, now that this counter is XA? |
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singaporegal
Supreme |
02-Apr-2007 21:13
Yells: "Female TA nut" |
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Hi taybc1071, This counter is not good for TA analysis. Too low volumes and its also a penny stock. |
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taybc1071
Senior |
01-Apr-2007 14:55
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hi singaporegal, TA charts now indicating an upward trend ? Would appreciate your comments. tks |
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francisd
Veteran |
31-Mar-2007 12:32
Yells: "BUY LOW SELL HIGH" |
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Yeah you should at around .30c or less if there is another correction. Otherwise it is going to go up. |
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l_tan888
Senior |
29-Mar-2007 20:54
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Yea, but already sold all at 26.5c on 13 Mar. Maybe will get in again at 30c or below tomorrow. |
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francisd
Veteran |
29-Mar-2007 20:21
Yells: "BUY LOW SELL HIGH" |
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Don't be frightened now, since your fear is taken care by SGX approval of the right issue. It was certainly tense, till they got the approval. Cheers. |
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l_tan888
Senior |
28-Feb-2007 14:33
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Don't frighten me leh. Anybody got any information on this rejection by SGX? |
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francisd
Veteran |
28-Feb-2007 14:27
Yells: "BUY LOW SELL HIGH" |
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Hi guys be weary of this counter. Few years ago Miyoshi had come out with the right issue, and SGX had declined their request. May be the old boys will remember this and shed some light for our fellow SI members. |
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l_tan888
Senior |
28-Feb-2007 14:19
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Miyoshi gives out 5 cents per share Bonus Dividend, exchangable for 1-for-2 rights issue at 10 cents each. Date payable and books closure date are to be announced later. |
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l_tan888
Senior |
28-Feb-2007 09:48
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I give up!!! It's too tempting. Just bought 100 lots @ $0.24. Hope it's a good bargain. |
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l_tan888
Senior |
27-Feb-2007 18:27
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hmm..... looks very attractive if it turns out to be true. But as quoted: "speaking on condition of anonymity" is a little scary, but worth a second look indeed. |
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melvin8383
Member |
27-Feb-2007 17:01
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Hi, sorry the initial post didnt turn out well. Here's the article again. Taken from : http://sg.news.yahoo.com/070226/3/46x2s.html
Singapore's Miyoshi plans bonus div, rights ?source
SINGAPORE, Feb 26 (Reuters) - Hard-disk drive parts maker Miyoshi Precision Ltd. is planning a one-off bonus dividend and a renounceable rights issue, a source familiar with the deal told Reuters on Monday.
Miyoshi will issue a bonus cash dividend this year of 5-6 Singapore cents a share, to pass on its unutilised tax credits to shareholders, said the source, speaking on condition of anonymity.
The company, which listed its shares on the Singapore Exchange in 2000 and has a market value of nearly US$50 million, is also planning a 1-for-2 rights issue, the source said.
Miyoshi is expected to make an official announcement of its capital management plans later this week.
The firm makes top covers for hard disk drives from Hitachi Global Storage Technologies and Fujitsu Ltd. , as well as printer parts for Hewlett-Packard Co. Ltd. .
It also makes precision metal-stamped parts for Japanese car makers like Honda Motor Co. .
Miyoshi reported a 28 percent jump in revenues to S$133.3 million ($87 million) for the year ended August 2006, while its net profit surged nearly five-fold to S$7.94 million.
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taybc1071
Senior |
27-Feb-2007 13:58
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Hi melvin8383, mind to post the details of bonus/div. Thanks |
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l_tan888
Senior |
27-Feb-2007 13:53
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Be careful because someone in this forum once mentioned that being a Japanese company, they may refrain from giving out their tax credit, aka ISETAN. I concur with this. |
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l_tan888
Senior |
22-Feb-2007 15:25
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shplayer, Yea, you're right. But no way to check now? Better not to take risk I think. |
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shplayer
Elite |
22-Feb-2007 15:19
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I_tan888, Better check if company is willing to utilise their S44 tax credit......vis a vis....Japanese company....ISETAN? |
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l_tan888
Senior |
22-Feb-2007 15:13
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Extract From Today's Business Times: Miyoshi Precision Feb 21 close: S$0.265 CIMB-GK RESEARCH, Feb 21 TO RIDE the healthy HDD industry: Miyoshi, which is the main hard disk drive (HDD) top-cover supplier to HGST (about 70 per cent of its 3.5 inch and server drives requirements) and Fujitsu (50 per cent of requirements), looks set to benefit from the healthy 12-15 per cent per annum growth projected for the HDD industry for the next three years. Added growth may come from the penetration of new HDD customers or market share gains. Likely to shift more production to low-cost regions to remain cost-competitive: We see the possibility of Miyoshi relocating more production to lower-cost sites as 60-70 per cent of its top covers are still manufactured out of Singapore. Relocation will help to reduce its costs and place the company close to its existing and potential HDD customers. Expanding low-volume, high-mix businesses to sustain margins: We view its expansion into low-volume, high-mix businesses (laser machines and automotive components) positively as this will help Miyoshi sustain its margins. Also, business in this segment is generally less volatile, providing more visibility. Unused Section 44 tax credit suggests possible bonus dividend: Miyoshi has S$3.8 million of tax credits. These could be used to frank S$19 million of bonus cash dividends, or 6.8 cents per share. Initiate coverage with 'outperform' rating and target price of S$0.35: This is based on 8 times CY08 PE, on a par with the industry average, in view of its healthy earnings outlook and comparable returns on equity. We see potential catalysts from a strong set of half-year results (announcement due in April 2007), the possible announcement of special dividends, and strong newsflow from the HDD industry. OUTPERFORM |
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AhBear
Member |
06-Dec-2006 23:01
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no one buy this counter at all? |
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AhBear
Member |
06-Dec-2006 21:03
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Its price has dropped dramatically, was thinking of accummulating it.. |
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