Amtek Engineering, the precision engineering service provider, reported profit after tax grew 46% year-on-year to US$14 millon ($18 million) in 2QFY11 from US$9.6 million over the same period despite incurring a non-recurring US$0.7 million charge for IPO expenses.
Despite the Mass Storage and Casing/Enclosure segments registering decline in revenue, the group registered a growth of 4% in its overall revenue to US$174.8 million for 2QFY11, compared to US168.0 million for 2QFY10.
The group’s Automotive and Electrical/Electronic Component Products segments saw healthy growth of approximately 13% each over 2QFY10. The Imaging/Printing segment also grew significantly, due to increased contribution from the group’s newly set-up Vietnam plant.

This company and its chart look good...
    If it explodes upwards, how high do you think it can possibly go? ...

susan66 ( Date: 27-Jun-2011 02:07) Posted: |
oic... good... 

susan66 ( Date: 27-Jun-2011 15:58) Posted:
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Too many to choose from, this one resting today, have faster one on hand. May consider after unloading others.
iPunter ( Date: 27-Jun-2011 15:53) Posted: |
Did you manage to get yours done today?
    or you bought earlier?... 

susan66 ( Date: 27-Jun-2011 02:07) Posted: |
Loaded more at 0.985. Good luck.  

bishan22 ( Date: 24-Jun-2011 12:25) Posted:
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Seems like should hold on instead, this is my buy trigger price. I feel will start to go up and may be explosive. 

derekchong ( Date: 24-Jun-2011 11:33) Posted:
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Making a U turn up finally. This counter is bullish now.  

bishan22 ( Date: 24-Jun-2011 10:43) Posted:
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just sold mine at $0.985.
Hope to break 0.985. Vested at 0.955. Good luck. 

A very long future " GO PRIVATE" candidate again, I presume!
derekchong ( Date: 21-Jun-2011 15:06) Posted:
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Yup looks interesting, curving up slowly after falling from 0.96. Can take aim liao.  

derekchong ( Date: 21-Jun-2011 15:06) Posted:
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Amtek looks good today.
RSI still pointing downwards, better radar for few more trades. Good luck.  

New123 ( Date: 08-Jun-2011 12:04) Posted:
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Is it a good entry prices now at 98 cents?
vonntan ( Date: 01-Jun-2011 22:15) Posted:
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RSI/ Stochastics on oversold now. watch out for potential rebound.
http://sgsharemarket.com/home/2011/06/singapore-stock-market-screener-01062011/
 
Amtek looks poised for a short term technical rebound (counter trend trading).
http://sgsharemarket.com/home/2011/05/amtek-re-engineering-success/
DBSV (12 May 2011): Downgrade to HOLD, TP $1.20 (Previous $1.65)
Amtek Engineering’s sales on track but earnings missed expectations. 9MFY11 met only 62% of our and consensus
FY11F. EBITDA margin of 12% has improved but still off 1H’s 14% and our estimate of 15% Margin expansion
needs more time to unfold, while potential supply chain disruption adds uncertainty Earnings for FY11F/12F cut 21%/15%,
downgrade to Hold on lower TP of S$1.20 (Prev S$ 1.65).
Amtek Engineering: Reported 2Q11 results which were generally in-line with expectations, with Rev at US$174.8m, +4%YoY and +5%QoQ, while Net Profit at US$14m, +46%YoY and +6%QoQ, despite incurring a non-recurring US$0.7m charge for IPO expenses....
Rev was driven by Grp’s Automotive and Electrical/Electronic Component Products segment, which saw healthy growth of approximately 13% each over 2Q10, while grp’s Imaging/Printing segment also grew significantly, due to increased contribution from Grp’s newly set-up Vietnam plant. Mass Storage and Casing segments registered decline in revenue of 7% and 2% respectively, due to weaker demand of IT Products…
Gross margins saw a slight improvement, at 18.7% vs 18.5%YoY, due to Grp’s strategy to progressively grow its Automotive segment and Electrical/Electronics segment and other industrial segments….
Going forward, grp plans expand its design and manufacturing services and has jointly developed, an innovative CPU housing for mounting “pinless” CPUs, (potential run rate/yr of US$12m) to go into mass production in 1Q12. Also plans to enhance and develop core capabilities, especially in precision progressive cold forging and robotic laser bonding processes....
We note that result brings 1H11Rev to US$341m, +7%YoY and Net Profit at US$27m, +72%YoY, and appears on track to meet full yr Net Profit estimates of US$57m, while balance sheet remains strong at a comfortable 32.2% Net Gearing Ratio. At current price, valuations appears compelling, with grp trading an an annualized 10x FY11E PE vs peers average of 18.2x
Rev was driven by Grp’s Automotive and Electrical/Electronic Component Products segment, which saw healthy growth of approximately 13% each over 2Q10, while grp’s Imaging/Printing segment also grew significantly, due to increased contribution from Grp’s newly set-up Vietnam plant. Mass Storage and Casing segments registered decline in revenue of 7% and 2% respectively, due to weaker demand of IT Products…
Gross margins saw a slight improvement, at 18.7% vs 18.5%YoY, due to Grp’s strategy to progressively grow its Automotive segment and Electrical/Electronics segment and other industrial segments….
Going forward, grp plans expand its design and manufacturing services and has jointly developed, an innovative CPU housing for mounting “pinless” CPUs, (potential run rate/yr of US$12m) to go into mass production in 1Q12. Also plans to enhance and develop core capabilities, especially in precision progressive cold forging and robotic laser bonding processes....
We note that result brings 1H11Rev to US$341m, +7%YoY and Net Profit at US$27m, +72%YoY, and appears on track to meet full yr Net Profit estimates of US$57m, while balance sheet remains strong at a comfortable 32.2% Net Gearing Ratio. At current price, valuations appears compelling, with grp trading an an annualized 10x FY11E PE vs peers average of 18.2x
 
Amtek Engineering sees net profit rise 46% to $18m in 2Q
WRITTEN BY THE EDGE     |
FRIDAY, 11 FEBRUARY 2011 20:03 |
   
few years back (can't remeber  exact year) amtek bull  run to  1.29.    LS suddenly  and then disappear. coincidently, it olso happen in feb that year... seems like 1.29 is a bye  ?