This is a quick bullet point takeaway on why I decided to get vested in this company after they announced their Q3 results last Friday and why I think there's further room to run for this company in the next 12 months and beyond.
For those who aren't familiar with this company, MTQ Corporation Limited (SGX: M05) is in the business of oilfield engineering and engine systems. A few of their main core services include OEM, drilling contractors, servicing, rig owning and others. Some of their main customers include Cameron, Halliburton, Seadrill, Total Oil, etc.
In 2015, they faced a huge challenge in their business after the company registered losses for the next 4 years from FY2016 to FY2019 due to oil prices plummeting and some poor M&A which doesn't work out well. In the latest Q3 results, we have seen a huge improvement from their organic business which further strengthen the...