04-09-2020, 02:28 PM
Impressive price action yesterday and today! Perhaps it is timely to revisit the 1H results announcement (dd 6Aug20) to look for possible clues...
https://links.sgx.com/FileOpen/MSE%20-%2...eID=626523
30Jun20 B/S remained rock-solid, with a large net cash reserve at $37.2m - equivalent to $0.064/share. Together with NAV/share at $0.0928, Mun Siong has ample dry gun powder to tide over Covid-19 and may well emerge stronger and even a winner. Management has provided a detailed update on the business including 3 new major plant maintenance/revamp contracts in section 10 of the announcement.
https://links.sgx.com/FileOpen/MSE%20-%2...eID=626523
30Jun20 B/S remained rock-solid, with a large net cash reserve at $37.2m - equivalent to $0.064/share. Together with NAV/share at $0.0928, Mun Siong has ample dry gun powder to tide over Covid-19 and may well emerge stronger and even a winner. Management has provided a detailed update on the business including 3 new major plant maintenance/revamp contracts in section 10 of the announcement.