Stock Name: Micro-Mech
Company Name: MICRO-MECHANICS (HOLDINGS) LTD
Research House: OCBC
OCBC Investment Research in a may 5 research report says: "Micro-Mechanics (MMH) reported its 3Q11 results which were within our expectations. Revenue rose 9.8% y-o-y to $11.1 million and net profit jumped 31.6% y-o-y to $1.7 million.
"Regarding the recent Japan earthquake and tsunami, MMH indicated that it had experienced minimal direct impact from its customers and supply chain so far. Looking ahead, MMH does not foresee any significant impact of this crisis on its FY2011 results, barring any unforeseen circumstances.
"We continue to like MMH for its healthy balance sheet (net cash) and attractive prospective dividend yield of 6.1%. We are keeping our estimates intact as its 3QFY11 results have met our expectations. Fair value estimate of 67 cents, still based on 12x blended FY2011/2012F EPS. MAINTAIN BUY."
Company Name: MICRO-MECHANICS (HOLDINGS) LTD
Research House: OCBC
OCBC Investment Research in a may 5 research report says: "Micro-Mechanics (MMH) reported its 3Q11 results which were within our expectations. Revenue rose 9.8% y-o-y to $11.1 million and net profit jumped 31.6% y-o-y to $1.7 million.
"Regarding the recent Japan earthquake and tsunami, MMH indicated that it had experienced minimal direct impact from its customers and supply chain so far. Looking ahead, MMH does not foresee any significant impact of this crisis on its FY2011 results, barring any unforeseen circumstances.
"We continue to like MMH for its healthy balance sheet (net cash) and attractive prospective dividend yield of 6.1%. We are keeping our estimates intact as its 3QFY11 results have met our expectations. Fair value estimate of 67 cents, still based on 12x blended FY2011/2012F EPS. MAINTAIN BUY."
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