Memtech International

[SLC81]

Excellent result from Memtech with 779 % increase in net profit. EPS ~ 2 cent. Cash inflow from operating activities is 13.4 Mil more than enough to fund for:
1) $ 7.8 millions Capex invested in a new touch screen manufacturing activities
2) 3.7 Mils for dividends,
3) 2 Mils for bank deposit and share buy back.

Net cash position has increased to $US 39 Mils

"Gross profit margin improved from 15.4% to 29.0% due to higher sales, better product mix and tighter control of production cost. As a result, gross profit increased from US$5.0 million to US$11.7 million"

Company also has sweeten with $ 1.1 cent Dividend

[mikh]

Very good! Their touch screen needs to take off.

[SLC81]

Touch screen business incurred 2.7 Mil loss as the business volume was low at the initial stage but this is the future and Memtech has invested well for the future. even keypad contribute most of the revenue and profit, they have other businesses, plastic and tooling divisions have just turned profitable so we should expect Memetech to be well diversified.

[mikh]

I like that the company appears to take care of shareholders. The touch screen business is crucial as that's where the demand is going. What was not convincing about its development was its FY results report which stated "Our touch screen panel division has incurred loss of US$2.7 million, as a result of teething issues in relation to the start-up of touch screen panel operations.". If its actually due to low initial volumes, that's more re-assuring. Company does seem pretty optimistic to give those dividends.

[SLC81]

I like that the company appears to take care of shareholders. The touch screen business is crucial as that's where the demand is going. What was not convincing about its development was its FY results report which stated "Our touch screen panel division has incurred loss of US$2.7 million, as a result of teething issues in relation to the start-up of touch screen panel operations.". If its actually due to low initial volumes, that's more re-assuring. Company does seem pretty optimistic to give those dividends.

There is an article about MEMTECH on the last issue of weekly Edge Singapore Investing Ideas. Recommend to read.

[mikh]

Yes, the article is quite positive. If can confirm that their touch screen product will take off, it should be wonderful.

[nitenite]

Hi, can check any1 vested with this counter and your views of it. Thanks.

[SLC81]

Memtech FY10 Final Dividend of 1.1 Cent

Tax-exempt 1-tier first and final dividend of 1.1 Singapore cents per share for the financial year ended 31 December 201

Record Date * 06-05-2011
Record Time * 17:00
Date Paid/Payable (if applicable) 20-05-2011

[SLC81]

Great Q1 Result from Memtech - 179% net profit increase

"Gross profit margin improved from 18.1% to 21.5% due to stronger sales and improvements in manufacturing efficiencies. As a result, gross profit increased by
US$1.7 million or 31.1% from US$5.6 million to US$7.3 million."

Cash and cash equivalents amounting to US$37.8 million or approximately 5.3 US cents per share.

[bluechipstamp]

I wonder why SGX didn't query this recently announced transaction:

Sales in Open Market at Own Discretion
Holder: Yap Chin Kuan (COO & Exec Dir)
Date: 27 Dec 2011
No of shares: 383000

Daily Share Buyback Notice
Date: 27 Dec 2011
No of shares: 400000

Total Vol transacted on 27 Dec 2011: 615000