|Bid||1.3400 x 0|
|Ask||1.3600 x 0|
|Day's range||1.3400 - 1.3400|
|52-week range||0.6450 - 1.3500|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||19.71|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.92|
The share price of Singapore-based electronics components manufacturer Memtech International (Memtech) fell roughly 44.5 percent from its peak of $1.91, which it touched in mid-March last year. Its share price has been battered in 2018 as investors were cautious about the impact of the ongoing US-China trade war as Memtech has all of its three manufacturing sites located in China.
The Singapore Purchasing Managers’ Index (PMI) for January 2019 dipped a further 0.4 points from the previous month to 50.7 amid a general downturn across the Asia region. This was its lowest reading since December 2016 and its fifth consecutive month of decline. Amidst this backdrop, Fu Yu Corporation (Fu Yu) has recently been receiving rather positive recommendations from the street. Why then is Fu Yu still the sole buy pick over a manufacturing slowdown?
Hi-P International (HIP) lowered its earnings guidance for the second time this year expecting lower sales and profit in 3Q18. The guidance cut is due to a delay in billing for certain production tools, lower yields for products undergoing ramp-up as well as lower market demand for certain products. The latter two reasons may be a double-whammy that further accelerates a decline in HIP’s profitability, whose margins are already under pressure given its large fixed cost base amidst an environment of intense pricing competition.