| Latest Forum Topics / Miyoshi Last:0.003 -- |
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Does this counter give good dividend?
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derekloh
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25-Nov-2009 11:43
Yells: "Long neck goose" |
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do anyone hear anything about miyoshi? anything to share? | ||
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derekloh
Member |
07-Nov-2009 19:25
Yells: "Long neck goose" |
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top shareholders sold shares for profit, however quoted by another (say business times indicated) bosses's wife buying co shares; quite puzzled what real situation might be?
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yipyip
Master |
21-Sep-2009 15:49
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Top shareholders of tech stocks take profit (The Edge, 6 Sept09) As the economy emerges from the slump, some substantial shareholders appear to have taken the opportunity to cash out as stock prices touched one-year highs amid the market rally. At Miyoshi Precision, chief operating officer Tan Kay Guan sold over one million shares last week in the precision engineering firm last week. On Aug 28, Tan sold 290,000 shares at 15 cents each. On Sept 1, he sold another 800,000 shares at a high of 16.5 cents each. The open market transactions leave him with just over five million directly-held shares in the company, or 1.19%. Tan also has a deemed stake of 0.92%, or about 3.9 million shares. Miyoshi’s share price has recovered by nearly 150% this year, following a low during the economic and tech slump last year. The stock touched a 52-week high of 18.5 cents in trading last week. Miyoshi last month disposed of its 51% stake in Fastrack Pte Ltd, a maker of machine tools, for $228,480 (under the terms of an out-of-court settlement). The company says the net assets of Fastrack as at May 11, 2009, (the effective date of the end of the legal case) was $206,462. Separately, Miyoshi said on Aug 11 that it had acquired a 60% equity stake in AWP Precision Engineering Pte Ltd for $324,000. The company says the investment is to boost its precision engineering capabilities. For its 3Q ended May, Miyoshi earned $2.6 million, on the back of $20.8 million in revenue..... |
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zhuge_liang
Supreme |
16-Jul-2008 01:03
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CIMB cuts Miyoshi Precision target price to $0.11 from $0.15 to reflect PE compression in the market, downside risk to FY09 earnings estimates; maintains Neutral rating. Broker says company continues to be affected by temporary loss of market share for its Hitachi top-cover business caused by delays in completion of its Shenzhen plant. "We expected the plant to be completed in August, with mass production starting in Oct. 08, but floods in Shenzhen, China at end-May had disrupted construction." Adds, management now believes mass production can, at best, start in Dec. 08. Consumer electronics business faces tough outlook as aggressive pricing puts margins under pressure. | ||
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ykjuay
Senior |
07-May-2008 17:36
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this babe will run tmr , vol up | ||
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ykjuay
Senior |
28-Apr-2008 09:50
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vol up, this counter is a better bet than Enporis | ||
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ykjuay
Senior |
23-Apr-2008 13:53
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dun neglect this baby, worth a look at current price 13,5ct | ||
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francisd
Veteran |
05-Nov-2007 21:28
Yells: "BUY LOW SELL HIGH" |
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Thanks LesBleus for this report. The counter is not strong enough to go up inspite of these fantastic results. No big dividend, may be it cannot hold and climb up. | ||
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LesBleus
Member |
01-Nov-2007 02:41
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hi francisd The results was indeed good. MIYOSHI Precision has reported a 85% surge in net profit to $15.2 million for the year ended Aug 31, 2007 Here's a report by OCBC Investment Research House Strong FY07 showing. of FY07 results, with revenue up 22.2% YoY at S$163.1m, while net profit surged 84.9% to S$15.2m. While revenue was in line with our estimate of S$161.3m, earnings was 15.7% above, aided by the better-than-expected recovery in margins. Its gross margin improved strongly from 23.4% to 25.6%, operating from 9.4% to 13.9% and net from 6.2% to 9.3%. According to management, it was able to reap economies of scale from high levels of capacity utilization, ongoing cost-cutting measures and continued efficiency of its Regional Business Ring Strategy. On an interim basis, 2H07 revenue jumped 18.8% YoY to S$81.4m, while net profit surged 88.1% to S$8.5. Although revenue was flat HoH, Miyoshi managed to show an impressive 24.8% rise in earnings, helped by lower material prices as well as the reasons mentioned above. Miyoshi has declared a final tax-exempt dividend of S$0.005 per share, after earlier declaring an interim dividend of S$0.061 to fully utilize its Section 44 tax credits. Miyoshi Precision Limited posted a very strong setData storage remains its key segment. (DS) showed the strongest growth of 43.2% YoY and 1.2% HoH, while contributing S$51.2m or 63% of its 2H07 revenue. Its Automotive and Others (A&O) also made good headway with 14.1% YoY rise (albeit down 9.8% HoH) with a contribution of S$6.8m, or 8.3% of total revenue. On the other hand, its Consumer Electronics (CE) segment posted a 12.6% YoY decline (but +1.7% HoH) to S$23.4m, or 29% of group revenue. On a segmental basis, Data StorageFY08 outlook remains bright. to remain its main growth driver, buoyed by the still rosy outlook for the HDD industry. Miyoshi expects its DS segment to grow by a respectable 12-15% in terms of top-cover shipments. As for its CE business, the start of several new projects this year should result in a low single digit growth. A&O segment is also expected to do well, albeit from a low base, with low double-digit growth in FY08. Going forward, Miyoshi expects its DS divisionMaintain BUY with S$0.325 fair value. we are bumping up our FY08 earnings estimate by 17.7% to S$17.3m. This in turn also boosts our fair value from S$0.31 to S$0.325, still based on an undemanding 9x FY08 PER. We maintain our In light of the strong performance,BUY rating. |
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francisd
Veteran |
25-Oct-2007 13:56
Yells: "BUY LOW SELL HIGH" |
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Full year results today after markets close. The results should be good, since first half profits and revenue were up. Watch out for this counter. Cheers. | ||
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tl_pang
Member |
03-Oct-2007 16:22
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Very quiet this counter ! No much movement ! | ||
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hellokitty8448
Member |
28-Sep-2007 09:15
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hi LesBleus, Thanks for your info. | ||
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tl_pang
Member |
27-Sep-2007 14:29
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TA charts now indicating an upward trend ? Any comment on this counter ? | ||
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LesBleus
Member |
20-Jul-2007 23:39
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hi hellokitty8448, I came across this article on Miyoshi, hope this helps. Also, from my understanding of the press articles, the word is that the IT industry is the laggard player in the market. And that Energy/IT will be the theme play in 2008. CIMB trims target price for Miyoshi Precision (M03.SG) to S$0.36 from S$0.45 to adjust for recent 1-for-1 rights issue, but ups FY08-09 earnings forecasts by 5-8% to reflect higher margin assumptions due to successful price adjustments for higher material prices. Says maker of stamped metal components "very much" on track to achieve CIMB's full-year numbers, which imply 70% on-year surge in earnings. Keeps stock at Outperform on view Miyoshi remains one of cheapest SGX-listed HDD metal component suppliers. Good luck! |
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hellokitty8448
Member |
21-Jun-2007 17:37
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any advise for miyoshi? |
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trymyluck
Senior |
08-Jun-2007 12:29
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miyoshi finally moving. the BB seems to have finished his accumulation with all the rights guys finally cleared out. good luck to all vested |
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francisd
Veteran |
03-Jun-2007 11:11
Yells: "BUY LOW SELL HIGH" |
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Thanks, kilroy, but can u please explain this tech. ana. like oversold and CCI. | ||
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KiLrOy
Master |
27-May-2007 22:33
Yells: "I buy only what I can see." |
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No trend in sight so could still be ranging between 0.23 - 0.255. If its ranging, CCI reads INTO oversold. Will need to wait for CCI to reverse out from OVERSOLD to confirm ranging play. Have to be patience... :p |
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francisd
Veteran |
27-May-2007 22:14
Yells: "BUY LOW SELL HIGH" |
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Great to have get the rights of a company. Got a extra 1 lot of right issue. Already money in the bank. Miyoshi going to have a very good year this year, since the first quater was fantastic. I am very postive about this co. I have started to accumulate at this price, stabilised after going ex-divid and ex-rights. Good for those who have not been vested before. Reap the good results in the coming months. Cheers. | ||
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francisd
Veteran |
18-Apr-2007 21:15
Yells: "BUY LOW SELL HIGH" |
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Please wait for the letter from the co. |
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