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Nostradamus Supreme	02-Sep-2006 21:57        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	You're welcome. Should go up on Monday, with Nasdaq rising.
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red1721 Senior	02-Sep-2006 15:59        red1721 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the info again, already vested at 0.885 yesterday...good luck guys...
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Nostradamus Supreme	01-Sep-2006 17:50        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	It expects further earnings growth in the current year to June 2007 as it expands capacity to meet continued strong demand from its major customers, a company official said. "It may not be as spectacular as last year but we are targeting further earnings growth," MMI chief executive Teh Bong Lim told XFN-Asia in a recent interview. The company's net profit in the year ended June more than doubled yoy. "We're confident of the momentum that we have built up and I think we will continue to see growth in all sectors," Teh said. MMI's core HDD business will be a key growth driver as it sees strong demand from customers like Seagate-Maxtor, Western Digital and Hitachi, he said. To meet this demand, Teh said MMI will boost production capacity by 15% in the current financial year. As part of its diversification strategy, Teh said MMI will invest nearly half of the targetted US$25-30m capital expenditure for the current year to expand its non-HDD operations. The group spent 70% of its US$44m capex on expanding its HDD business in the previous financial year. The rest went to strengthening the non-HDD business. "We're looking at a few more contracts for the non-HDD sector. We feel strongly that this is a good growth area because we are starting to see many enquiries," Teh said. MMI hopes to grow its non-HDD revenue by 30% yoy over the next three years. Besides having established a foothold in non-HDD segments such as in photonics, communications and capital equipment, MMI has more recently also ventured into aerospace and medical instrumentation. It has so far secured three customers from these new sectors and modules, and is now working to secure an additional three clients, Teh said. These two segments are expected to start contributing to revenue in the second half of the current financial year, he added. "There's still plenty of work that we can do in the aerospace and medical instrumentation area to gain some level of critical mass and leverage with volume across different customers," Teh said. "We are getting a lot of enquiries from different companies for engineering components, landing gears, brake systems...all kinds of parts that make up an aeroplane."
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red1721 Senior	01-Sep-2006 13:40        red1721 About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.895 now during lunch break....still a good price to go in? advise from any gurus pls coz I'm interested in grabbing some lots from this counter later....
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red1721 Senior	01-Sep-2006 13:39        red1721 About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.895 now during lunch break....still a good price to go in? advise from any gurus pls coz I'm interested in grabbing some lots from this counter later....
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Nostradamus Supreme	01-Sep-2006 10:46        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think you can buy. CLSA said it has raised its target price $1.33 on the company's strong earnings outlook. "MMI is now leveraging its precision machining competencies and gaining traction with its new Tier 2/3 OEM (original equipment manufacturer) customers, which will drive further upside," the research firm said in a note. It noted that management has, for the first time, guided for a minimum three-year, 30% compounded growth target for its non-HDD business, and the brokerage believes this is achievable given MMI's improving customer profile and precision machining competencies. CLSA has therefore raised its earnings estimates for the company to US$52.2m for the year to June 2007 and to US$60.2m for the year to June 2008 to factor in the stronger growth momentum from the non-HDD segment and the operating leverage.
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allantanhc Veteran	30-Aug-2006 17:15        allantanhc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Has pulled back to $0.865 today. Is this an appropriate entry or should we wait for further retracement? Advice please.
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Nostradamus Supreme	29-Aug-2006 23:01        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Hi Sporeguy, Based on TA, I think it could go up to $0.925-$0.935.
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Nostradamus Supreme	29-Aug-2006 23:27        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Some positives after its good results. Mgt painted an upbeat outlook going into the traditionally stronger 2H period, expecting 15-20% higher volumes for its base plate business (market share gains as well as incremental volumes from Maxtor) as well as stabilizing raw material prices (aluminium prices have stabilized over the last 2 months after China continued to raise interest rates). According to mgt, the worst of the raw material situation has been seen. While average selling prices will continue to be under pressure as well as Brilliant's new entry into Seagate (as their 4th supplier after MMI, Beyonics and Eng Tek), mgt said that they are confident to hold on to their mkt share and maintain margins via improved production efficiencies and higher prduction yields. With 50% mkt share from Seagate, mgt is confident that they would be able to weather the competitive environment the best amongst its peers. After the bumper quarter from the huge capital expenditures of Seagate (in preparation for the seasonally stronger 2H06), the capital equipment division would likely see softer volumes from Seagate going into 2H. However, with the relocation of KLA Tencor from US to S'pore, mgt is confident that the softer volumes from Seagate would be replaced somewhat by KLA Tencor. Net net, this division as a whole would still see somewhat softer volume going into 2H due to the seasonal lull after the huge capex budget in 1H. Mgt is hopeful that Seagate's migration to perpendicular recording and new media plant would help to offset this seasonal lull. The non HDD segment (30% of business) is expected to see stable contributions from JDS Uniphase, Motorola as well as aerspace and scientific instrumentation customers, underpinned by the outsourcing of component manufacturing from US and Europe to Asia.
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Nostradamus Supreme	29-Aug-2006 10:28        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	MMI reported that its fourth-quarter net profit jumped 62% to US$11.2m, driven by improved sales from its core hard-disk drive business and newer product segments. Credit Suisse and CIMB-GK both said in client notes on Tuesday that MMI's results exceeded their expectations. Credit Suisse also said that it has raised its profit forecasts for the firm by 11-14% in the 2007-2008 financial years, citing better margins and order growth. The bank maintained its "outperform" rating on the firm and raised its target price to $1.18, from $1.04. CIMB-GK upgraded its rating to "outperform" from "trading buy", and lifted its price target for the stock to $1.25 from $0.95.
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allantanhc Veteran	28-Aug-2006 22:18        allantanhc About Contact  Quote this Post!
x 0   x 0  Alert Admin	1558 [Dow Jones] MMI Holdings (M29.SG) flat at 80.5 Singapore cents despite 104% on year jump in FY06 net profit to S$48.6 million. Electronic manufacturer earnings boosted by strong demand for hard disk drive components. Company says "recent high aluminum prices have shown signs of easing off and things are definitely turning for the better." MMI to pay final dividend of 2 cents/share.
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Nostradamus Supreme	28-Aug-2006 15:38        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sometimes it's a small correction before going up even more. So I think 10% is a better cut loss margin. I would watch out for stocks that normally have low volumes and suddenly breakout in high volumes and prices. Low volume stocks won't put me off.
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singaporegal Supreme	28-Aug-2006 11:25        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Hi jessie, No problem. One thing you got to figure out for yourself is whether you are a long term or short term trader. If long term, you might want to give yourself a 10-20% stop loss. For short term, like myself, you will probably want to reduce the stop loss margin to less than 5%.
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GoingGood Member	28-Aug 11:15        GoingGood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi All, Financial Year ended 30 June 2006 will be announced this afternoon. So far indications are for a good set of numbers.
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jessie Senior	28-Aug-2006 11:13        jessie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi singaporegal, thank you for sharing your trading criteria. I think I read from one of your post that you will cut loss if you lose 3%....whereas others  is 10% or 20%.  I suppose this is what you gurus are practising ie  one must have your own plan and stick to your plan, and be discipline etc. I must put in more effort in these aspects.
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singaporegal Supreme	28-Aug-2006 07:29        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Hi Nostradamus, Yah! My criteria is very strict (more strict than most traders) but its one that has kept me from getting into bad trades. This year, I have not been trading much because of my criteria (especially the one on trading volume>1 million). Quite a slow season for me.   But in the last couple of years, I have been trading quite frequently.
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marksman Member	28-Aug-2006 00:45        marksman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi I am new to TA, but if i have money i wont park in yet as the stock has run up high, leaving the moving avg far. gd news is that vol shrink while retracement.  verdict:  wait for stock to go down and breaks upagain at 0.785. PATIENT awhile watch out the target. Happy trading :)
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Sporeguy Elite	27-Aug-2006 23:21        Sporeguy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Nostradamus, Thanks, I have read it, which is based on FAs. That is why I asked for TA opinion.
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Nostradamus Supreme	27-Aug-2006 23:06        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi singaporegal, Your criterias seem to be too strict. Am I right to say that you've been out of the market for the past few months?
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Nostradamus Supreme	27-Aug-2006 23:01        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Sporeguy, pls read the thread on Commodity price impact.
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