Shares & Derivatives
MTQ – FY 2011 Financial Results Analysis and Commentary Part 2
By Musicwhiz  •  May 22, 2011
Part 2 of my MTQ FY 2011 analysis will focus more on MTQ’s business division performance, and I will comment on how well each division is doing and what it has achieved over the years. Some history will be useful as well if we were to track the growth and fortunes of these two divisions (Oilfield Engineering and Engine Systems) more closely. However, instead of regurgitating the whole nine yards of what happened for each division for the last ten years, I will instead keep it simple by just focusing on the major events which have occurred in the past financial year (FY 2011). Oilfield Engineering Needless to say, the main thrust of the expansion drive in Oilfield Engineering Division is the expansion into Bahrain for most of FY 2011. The land size there is 40,000 square metres and is three times the size of MTQ’s premises in Singapore (Pandan ......
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By Musicwhiz
Musicwhiz who is in his 30s is educated in accounting and works in the investment line (but not in a bank, financial institution, brokerage or fund house). He has a have a full-time job and investing is his side-line as well as passion. Musicwhiz is a value investor and his technique is derived from the teachings of Warren Buffett, Benjamin Graham and Phil Fisher. He incorporate all aspects of their investing style, and modify his value investing style to the Singapore market.
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