Micro-Mechanics (Holdings) Ltd (5DD)
Equity: Micro-Mechanics (Holdings) Ltd (SGX:5DD)
Business: Manufacturing in Semiconductor industry
Markets exposed: Mainly Asia and North America
Stock exchange: SGX
Purchase price: $0.85 / share
Purchase month: October 2016
10% per annum:
Micro-Mechanics has declared a dividend of 6 cents for FY2016, which translates into a yield of 7.06% at my buy-in price of $0.85.
I believe that both earnings per share and valuations have room to grow as Micro-Mechanics grows year-on-year.
When combined with the 7% dividend yield, this should tip the counter comfortably past 10% per annum.
Introduction:
Micro-Mechanics (Holdings) Ltd. designs, manufactures and markets high precision tools, parts and assemblies for the semiconductor, medical, aerospace and other technology industries industry. From FY2017 onwards, Micro-Mechanics will end their efforts to build a separate CMA division serving multiple industry segments. Therefore, they are now primarily a mid-stream producer in ......