On 12 March 2013 in the Lim & Tan Investment Strategies for 2013 seminar - I identified two "Akan Datang" penny stocks on my radar screen.  Today I will review Metal Component Engineering Ltd (MCE)   We issued a research report on MCE on 27 February 2013 with an Overweight recommendation and a price target of $0.058 giving an upside of 45% from the current price of 4 cents.

I recently met one of the Executive Directors of MCE to find out more.  Here are my key takeaways from that meeting.

a) MCE's return to profitablity in 2012 is very commendable given that 2012 and even 2013 is likely to be a tough year for electronic companies in general.  Management were ...