Shares & Derivatives
New Counter: Micro-Mechanics
By 10% Per Annum  •  October 7, 2016
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 ......
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By 10% Per Annum
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