Crisis? What crisis? Home-grown Micro-Mechanics shrugged off recent bearish trend in share price to post a set of good quarterly financial results. Of course, investors should not judge a company by one quarterly results. But if you look at the past five year’s performance, Micro-Mechanics’ growth had been consistently good. So the recent correction in share price should be a healthy one.
In retrospect, it is a mystery that Micro-Mechanics went under my radar until recently when a member requested me to do a coverage on this counter. The story of Micro-Mechanics is nothing short of fantastic. Within the span of four years, share price soared four-fold to reach a high of $2.40 in January 2018, creating immense wealth for shareholders.
From a penny stock as recent as 2014, Micro-Mechanics confounded critics to attain the status of mid-size cap in the SGX mainboard. Its meteoric rise was in part due to the sustaining growth in the semiconductor industry as there are ever increasing use of embedded chips.
Micro-Mechanics started life in 1983 with a small factory in Singapore. Through the years, the Group [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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