Micro-Mechanics achieved its record revenue and net profit for the 12 months ended 30 June 2017 (“FY2017”). In FY2017, the Group’s net profit increased 24.2% to S$14.8 million as a result of revenue growing 11.7% to S$57.2 million. It was an exciting year for Micro-Mechanics in 2017. Its share price rallied from S$ 0.86 to S$ 2.11 from the beginning to the end of 2017. It was a 245% return on capital gain alone, excluding dividend pay-out. Is there any growth left in the company for us to take a ride on? Let’s have a look further.
1. Stock Symbol
Ticker symbol: SGX:5DD
Market Capitalisation: S$ 282.23 million (30 March 2018)
Share Price: S$ 2.03 (30 March 2018)
2. The Business
Micro-Mechanics designs, manufactures and markets high precision parts and tools used in process-critical applications for the wafer-fabrication and assembly processes …