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Manufacturing firm Multi-Chem on Thursday reported a loss of $1.45 million (US$1.07 million) for its second quarter to June 30, reversing a $1.36 million profit in the same period last year.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AC97C8F3AD6155B94825749000303F18/$file/2Q2008.pdf?openelement
Multichem really poor volume. Market now very good but this share still no movement and no dividend. better invest in other share lah....
Poor volumes on this one. Probably for long term investors... not for TA people.
The supplier of chemicals to the PCB industry, was higher on the back of upbeat prospects in China, dealers said.
"We see robust demand for Multi-Chem's services coming from China where (it) has deployed 70% of its equipment base," CLSA analyst Justin Yeoh said in a note.
CLSA said that Multi-Chem's valuations are very attractive, given an expected 15% dividend yield for next year. It has a fair value of $0.35.
"(Its) 2006 price to earnings (ratio is) at almost half of our Singapore small cap tech coverage universe, despite a higher EBITDA margin and return on equity," Yeoh said.
Extracted from my blog http://kelongstocks.blogspot.com
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[B]Fundamental Analysis[/B]
1Q FY06 revenues and net profits soared 55% and 184% from 1Q FY 05 due to strong demand for PCBs for consumer electronics, PCs and handsets. In particular, the pick up in demand for laser drilling service contributed strongly to revenue growth, similar to Eucon.
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[B]Technical Analysis[/B]
Chart shows Multichem ready to break out of a symmetrical triangle, breakout appears likely given positive 1Q FY06 results. Eucon has also broken out today and the positive sentiment is likely to spill over to other PCB players including its closest comparable Multichem. Breakout on high volumes from symmetrical triangle could see Multichem heading towards technical target of 34 cents.
.............continued at my blog