Shares & Derivatives
Portfolio Update: Took profit on InnoTek and Micro-Mechanics
By 10% Per Annum  •  February 23, 2018
Summary I have decided to sell out on my positions in both InnoTek and Micro-Mechanics as they appear fairly valued given the risk-reward stand off at this point of time.
All divestments made in 2018 by Author, price includes transaction costs
However, I continue to like both counters and will continue to monitor them closely on my watchlist. Divestment Rationale - InnoTek I last wrote about InnoTek after their mid year results were released in August last year (here). Then, I mentioned that InnoTek was facing a difficult time securing demand for their office automation and consumer products, and that the following growth drivers will be key to their performance going forward: 2H'17: Heat sinks for TV and Computers 1H'18: New automotive programs begin 2H'18: Mansfield Thailand to begin operations Amongst the 3 growth drivers, the new automotive program and Mansfield Thailand are the bigger 2. ......
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By 10% Per Annum
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