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MTQ - Fundamental Analysis Post Reply Rate topic
trueview Senior	16-Jan-2013 00:21        trueview About Contact  Quote this Post!
x 0   x 0  Alert Admin	wil it up further?
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trueview Senior	14-Jan-2013 11:15        trueview About Contact  Quote this Post!
x 0   x 0  Alert Admin	jst hope tis one hve gd result n bonus issue.for so many year,tis counter only 100mil shares.
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trueview Senior	11-Jan-2013 14:14        trueview About Contact  Quote this Post!
x 0   x 0  Alert Admin	up 6.5 cts 349 lots done....no correction at all...
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trueview Senior	11-Jan-2013 11:49        trueview About Contact  Quote this Post!
x 0   x 0  Alert Admin	tis share stil moving up 2 cts
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trueview Senior	10-Jan-2013 16:35        trueview About Contact  Quote this Post!
x 0   x 0  Alert Admin	shoot up with low volume.
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sgnewbie Master	05-Jun-2012 09:26        sgnewbie About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://sgxreports.blogspot.sg/2012/06/mtq-corporation.html
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musicwhiz5 Senior	23-Apr-2010 18:38        musicwhiz5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear all, I have written a blog post on MTQ's recent corporate developments and given my views on them. Please feel free to visit at http://sgmusicwhiz.blogspot.com and leave comments, thanks! A snippet as follows:- "Since MTQES had already consolidated all its operations under one roof since July 2009 (and probably was enjoying better economies of scale as a result), it made commercial sense to put up the Salisbury property cum land for sale to realize some cash. Even though the transaction will result in a one-off gain for MTQ (probably to be recognized in FY 2011), I think the more important aspect of this sale is to claw back some cash of about S$1.25 million, which will boost MTQ’s cash reserves for their expansion plans."
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pharoah88 Supreme	02-Apr-2010 21:03        pharoah88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lOOks  gOOd ? grandmaster89      ( Date: 12-Dec-2009 23:07) Posted: An excellent value play.  SHARE PRICE: $0.715 1H EPS: 8.16 ANNUALISED EPS: 16.32 CENTS PE: 4.3 NAV: 82 CENTS NET CASH PER SHARE: 26 CENTS INTERIM DIVIDEND: 1 CENT LEADING REGIONAL OIL DRILLING EQUIPMENT REPAIR COMPANY WITH NET CASH GEARING TRADING BELOW NAV AND AT PE 4.3. EVEN MORE UNDERVALUED THAN S-CHIPS.
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musicwhiz5 Senior	02-Apr-2010 01:01        musicwhiz5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	OK so maybe this thread will not lie so dormant after all, after the last posting in Dec 2009. In the last month or so, MTQ made some interesting announcements. First was the purchase of a company which will help it to expand its MTQES reach to Northern Australia; this is in addition to their tie-up with Bosch will should see revenues significantly higher for FY 2010. All this was funded by internal cash flows. MTQ also announced that they were injecting more capital into their MTQ Bahrain business of oilfield engineering, and this bodes well as it shows things are proceeding smoothly, though it would be 2-3 years before a greenfield project can contribute to MTQ Group's bottom line. Yet another interesting development is that the CEO himself, Mr. Kuah Kok Kim, has purchased an additional 93,000 shares at S$0.72 back in mid-March 2010. With all these developments, one must wonder about the positive long-term impact on the Group. I am hoping for the usual 2c final dividend to be declared in May 2010 and also get an update on the business. My current horizon is at least 3-4 years for the CEO to build up the company in this niche industry.
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grandmaster89 Veteran	24-Dec-2009 16:17        grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	And hopefully accompanied with 2 cent dividend :) musicwhiz5      ( Date: 24-Dec-2009 16:03) Posted: Haha grandmaster89, miracles don't happen overnight. Wait for about 3-4 years for MTQ to grow their business; then perhaps a S$1 market price may be justifiable. Right now valuations are pretty fair considering growth is uncertain and even the company's bold plan to penetrate the Middle Eastern market may be fraught with problems and uncertainties. Such is the nature of business. If one believes in the Management and business model, then one can safely wait and in the meantime, collect dividends. There may have been a big buyer of 85 lots at 74 cents today, but do note that several weeks ago there was an even bigger seller of about 270 lots at 75 cents. These fluctuations are caused by a short-term focus of the business and one should not bother too much about it. Since MTQ only releases results every 6 months, I can understand that it can get as boring as watching grass grow or paint dry. But that's the nature of true investing - it's deadeningly boring. But good thing is it pays well over time. I think this thread can probably lay low for the next 5 months till May 2010 when MTQ released FY 2010 results. :D grandmaster89      ( Date: 24-Dec-2009 14:46) Posted: Today it went up 3 cents to close at 74 cents. Perhaps this marks the end of the downward pressure facing the stock for the past 4-6 weeks. Still very safe considering the CEO bought quite  a number of shares at around 65-68 cents. I expect fair valuation to exceed $1 since its current PE is only 4.5.
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musicwhiz5 Senior	24-Dec-2009 16:03        musicwhiz5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha grandmaster89, miracles don't happen overnight. Wait for about 3-4 years for MTQ to grow their business; then perhaps a S$1 market price may be justifiable. Right now valuations are pretty fair considering growth is uncertain and even the company's bold plan to penetrate the Middle Eastern market may be fraught with problems and uncertainties. Such is the nature of business. If one believes in the Management and business model, then one can safely wait and in the meantime, collect dividends. There may have been a big buyer of 85 lots at 74 cents today, but do note that several weeks ago there was an even bigger seller of about 270 lots at 75 cents. These fluctuations are caused by a short-term focus of the business and one should not bother too much about it. Since MTQ only releases results every 6 months, I can understand that it can get as boring as watching grass grow or paint dry. But that's the nature of true investing - it's deadeningly boring. But good thing is it pays well over time. I think this thread can probably lay low for the next 5 months till May 2010 when MTQ released FY 2010 results. :D grandmaster89      ( Date: 24-Dec-2009 14:46) Posted: Today it went up 3 cents to close at 74 cents. Perhaps this marks the end of the downward pressure facing the stock for the past 4-6 weeks. Still very safe considering the CEO bought quite  a number of shares at around 65-68 cents. I expect fair valuation to exceed $1 since its current PE is only 4.5.
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grandmaster89 Veteran	24-Dec-2009 14:46        grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Today it went up 3 cents to close at 74 cents. Perhaps this marks the end of the downward pressure facing the stock for the past 4-6 weeks. Still very safe considering the CEO bought quite  a number of shares at around 65-68 cents. I expect fair valuation to exceed $1 since its current PE is only 4.5.
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grandmaster89 Veteran	12-Dec-2009 23:07        grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	An excellent value play.  SHARE PRICE: $0.715 1H EPS: 8.16 ANNUALISED EPS: 16.32 CENTS PE: 4.3 NAV: 82 CENTS NET CASH PER SHARE: 26 CENTS INTERIM DIVIDEND: 1 CENT LEADING REGIONAL OIL DRILLING EQUIPMENT REPAIR COMPANY WITH NET CASH GEARING TRADING BELOW NAV AND AT PE 4.3. EVEN MORE UNDERVALUED THAN S-CHIPS.
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musicwhiz5 Senior	15-Nov-2009 11:03        musicwhiz5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear all, MTQ's 1H FY 2010 Analysis and Review has been posted on my blog at http://sgmusicwhiz.blogspot.com. Please feel free to visit and leave comments, thanks!
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grandmaster89 Veteran	13-Nov-2009 15:04        grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	MTQ CORP I only managed to discover this gem recently. I have done my research and I think it is one of the few under-valued gems left in SGX. A profitable Singaporean company in the OIL Business trading at merely PE 5 with a dividend yield of 4.24% is truly a steal. MTQ CORP BUSINESS: MTQ Corporation Limited Group specialises in engineering services, and is primarily involved in oilfield equipment repairs and rental operations. MTQ Engineering Pte Ltd is the authorised repair workshop for OEMs such Cooper Cameron, Varco-Shaffer and QVM. We have numerous listed Rig Builders and users companies in SGX but virtually no repairers except for MTQ Corp. MTQ Financials: MTQ boasts a tremendous 5 years record of increasing revenues, net profits and margins. Revenue, Net Profits 2005: 56,469, -1964 2006: 54,557, 4,112 2007: 67,916, 4,719 2008: 84,704, 9,609 2009: 89,867, 10,982 Since 2005 it has managed to recover from its loss and carried on with its strong gains for the next 4 years. Its net margins has nearly doubled from 7% to 12% in 2009. Balance Sheet: MTQ is in a NET CASH Position of 17.3mil. Shareholder's equity has increased every year for the past 5 years from $34.5mil (2005) to $57.5mil in 2009 Cashflow: MTQ has managed to achieve positive operating cashflow for each of the 5 years from 2005 - 2009. Its strong cashflow has allowed the company to regularly buy back shares and give dividends to its shareholders. Dividends MTQ has never lowered its annual dividends since 2005. On the contrary it has increased the dividend payout from 2.5 cents to 3 cents in 2008. 2005: 2.5ct 2006: 2.5ct 2007: 2.5ct 2008: 3ct + 24ct (special dividend for $28.2mil one off profit) 2009: 3ct 1H 2010: 1ct (interim dividend) Share Buy Back. MTQ has managed to reduce its outstanding shares from 95mil to 88mil. With only 88mil shares, it is easy for BB to push it up. Hai Leck: MTQ also recently became a substantial shareholder of Hai Leck Holdings with a 5% stake. It is vested at around $0.25 a share. Currently Hai Leck is trading at $0.36. Future Plans: MTQ will be investing 20mil USD in building a plant in Bahrain to directly service its Mid Eastern Clients. MTQ CORP POST 3% RISE IN NET PROFITS TO $7.2 MIL FOR 1H 2010. SHARE PRICE: 0.73 1H EPS: 8.16 ANNUALISED EPS: 16.32 CENTS PE: 4.47 NAV: 82 CENTS NET CASH PER SHARE: 26 CENTS INTERIM DIVIDEND: 1 CENT WITH A PE OF ONLY 4.5, NET CASH GEARING, INCREASING PROFITABILITY - MTQ, A OIL INDUSTRY COY, SHOULD BE TRADING AT OVER $1
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musicwhiz5 Senior	12-Nov-2009 01:05        musicwhiz5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear all, my analysis of purchase of MTQ Part 3 has been posted on my blog at http://sgmusicwhiz.blogspot.com. Please feel free to visit and leave comments, thanks! :D
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