Manufacturing Integration Technology-Rise from ashes?
Disclaimer:I am vested in this stock, so will be biased.
I went to Manufacturing Integration Technology AGM last Monday.
1)It explained its decision to postpone its move to Yishun Bizhub to 3 years later and meanwhile it will be collecting rentals on a gross yield of 6%.
2)The postponed solar equipment order will be delivered in July.The customer is Hanergy Solar, an upcoming thin film solar player whose CEO is 4th richest in china according to forbes china.
3)Noticed that Lim Chin Tong,its executive vice president is buying shares past few days.
4)Semiconductor backend equipment capital spending is increasing for this year, so is solar and LED equipment. This will boost sales provided that the company technology development is on par.
Entry filed under: Investing.