Innotek was brought to my attention by a friend of mine. The story is pretty similar to that of Valuetronics - a turnaround amidst this tech manufacturing bullishness permeating through SGX. With the purchase of Innotek, I have hit my target of 8 counters and have officially ran out of cash. As such, I do not expect to announce any further portfolio additions for the coming months. Equity: InnoTek Ltd (SGX: M14) Business: Electronic Equipments Markets exposed: Asia Pacific Stock exchange: SGX Purchase price: 0.375 (Cum Dividends) Purchase month: April 10% per annum thesis:  Innotek is a turnaround similar to Valuetronics. I also consider them undervalued as an asset play. Introduction: After two consecutive years of losses, new CEO Lou Yiliang has successfully executed a turnaround plan. Cost of sales, administrative expense, finance costs etc have all fallen significantly as proof of management's increasingly strong control over costs. Considerations: ......