Last $0.18 SGD
Change Today 0.00 / 0.00%
Volume 0.0
MFS On Other Exchanges
Symbol
Exchange
Singapore
As of 10:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

mfs technology ltd (MFS) Snapshot

Open
$0.18
Previous Close
$0.18
Day High
$0.18
Day Low
$0.18
52 Week High
11/27/14 - $0.19
52 Week Low
02/7/14 - $0.10
Market Cap
114.4M
Average Volume 10 Days
21.5K
EPS TTM
$0.01
Shares Outstanding
653.4M
EX-Date
04/16/14
P/E TM
17.2x
Dividend
$0.0050
Dividend Yield
5.68%
Current Stock Chart for MFS TECHNOLOGY LTD (MFS)

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mfs technology ltd (MFS) Details

MFS Technology Ltd, an investment holding company, designs, manufactures, and distributes flexible, rigid, and rigid-flex printed circuit boards (PCB) worldwide. It operates through two segments, Flexible Printed Circuits (FPC) and Printed Circuit Boards. The company offers FPC, flex-rigid, and PCB interconnect solutions. It also provides turnkey component assembly services for printed circuits. The company offers its products for use in applications in the telecommunication, consumer electronics, automotive, military/aerospace, industrial, medical, computer/peripheral, and network industries. The company was founded in 1988 and is headquartered in Singapore. MFS Technology Ltd is a subsidiary of Wearnes Technology (Private) Limited.

Founded in 1988

mfs technology ltd (MFS) Top Compensated Officers

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Executives, Board Directors

mfs technology ltd (MFS) Key Developments

MFS Technology Ltd Announces Change of Registered Office Address

The Board of Directors of MFS Technology Ltd. announced that the registered office of the company will be changed to 12 Ang Mo Kio Street 64, #01-01 UE BizHub CENTRAL, Singapore 569088 with effect from 19 November 2014.

MFS Technology Ltd Announces Unaudited Group and Company Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

MFS Technology Ltd. announced unaudited group and company earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported administrative expenses, representing loss from continuing operations of SGD 294,000. Loss attributable to equity holders of the company from continuing operations, net was SGD 294,000. Profit attributable to equity holders of the company was SGD 2,226,000 against SGD 1,062,000 a year ago. Net cash provided by operating activities was SGD 12,291,000 against SGD 15,049,000 a year ago. Purchase of plant and equipment was SGD 2,134,000 against SGD 2,957,000 a year ago. On a fully diluted basis, loss per share from continuing operations was 0.05 cents. On a fully diluted basis, income per share was 0.34 cents against 0.16 cents a year ago. The group recorded total revenue of SGD 52,800,000 for the three months ended 30 September 2014. The increase of SGD 10,700,000 as compared to the corresponding quarter in fiscal year 2013 was mainly attributed to the higher revenue from its Flexible Printed Circuits (FPC) division due to higher demand from the company’s key customers in Consumer, Mobile and Automotive segments. The Medical and Industrial segments also reported increase in revenue; offset by lower PCB revenue mainly from lower demand from the Industrial segment. The group achieved a profit after tax of SGD 2,200,000 for the three months ended 30 September 2014. The increase of SGD 1,200,000 over the corresponding period last year was mainly attributed to the lower distribution and marketing expenses of SGD 1,200,000 mainly due to the absence of bad debt provision for one European customer and higher sales commissions recorded in Jul-Sep 2013; Lower administrative expenses of SGD 500,000 mainly due to foreign exchange gain of SGD 100,000 in the three months ended 30 September 2014 as compared to SGD 300,000 loss in Jul-Sep 2013. Lower income tax expenses of SGD 900,000 mainly due to prior years' tax charge in one of the company’s China subsidiaries recorded in Jul-Sep 2013; offset by lower other income of SGD 800,000 mainly due to the absence of technical service fee received from its former China JV partner recorded in Jul-Sep 2013. For the nine months, the company reported administrative expenses, representing loss from continuing operations of SGD 294,000. Loss attributable to equity holders of the company from continuing operations, net was SGD 294,000. Profit attributable to equity holders of the company was SGD 8,118,000 against SGD 4,023,000 a year ago. Net cash provided by operating activities was SGD 15,822,000 against SGD 17,958,000 a year ago. Purchase of plant and equipment was SGD 5,439,000 against SGD 5,751,000 a year ago. On a fully diluted basis, loss per share from continuing operations was 0.05 cents. On a fully diluted basis, income per share was 1.24 cents against 0.54 cents a year ago. For the nine months ended 30 September 2014, the group achieved revenue of SGD 148,700,000. The increase of SGD 24,600,000 year on year was mainly attributed to the higher FPC revenue driven by demand from Consumer, Automotive, Mobile and Medical segments; offset by lower PCB revenue mainly due to pruning of unprofitable and lower margin programs. For the nine months ended 30 September 2014, PAT achieved was SGD 8,100,000, SGD 4,100,000 or 102% higher year on year. The increase was mainly due to the savings on both distribution and administrative expenses of SGD 1,800,000; Lower tax expense of SGD 1,600,000 as a result of prior years' tax charge in one of China subsidiaries in 2013; Higher other income of SGD 1,500,000 resulting from an one-off gain of SGD 2,400,000 on disposal of the old factory land and buildings in Changsha in 2014 offset by the absence of technical service fee from its former China JV partner in 2013; Higher gross profit of SGD 400,000 as a result of higher sales; offset by obsolete plant and machinery written off of SGD 600,000; and staff restructuring cost of SGD 600,000.

MFS Technology Ltd, Special/Extraordinary Shareholders Meeting, Nov 11, 2014

MFS Technology Ltd, Special/Extraordinary Shareholders Meeting, Nov 11, 2014., at 10:00 Singapore Standard Time. Location: 801 Lorong 7 Toa Payoh. Agenda: To approve the sale by the Company of the Disposed Assets and Liabilities on the terms and subject to the conditions set out in the SPA entered into between the Company and the Buyer, the principal terms of which are set out in the Circular; and the Directors or any one of them to complete and do all such acts and things (including without limitation, to execute all such documents and to approve any amendments, alteration or modification to any documents) as the Directors or any of them may consider necessary, desirable or expedient to give effect to the Proposed Transaction and this Ordinary resolution.

 

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MFS Competitors

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FLEXium Interconnect Inc 71.90 TWD 0.00
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Industry Analysis

MFS

Industry Average

Valuation MFS Industry Range
Price/Earnings 22.5x
Price/Sales 0.7x
Price/Book 1.0x
Price/Cash Flow 12.7x
TEV/Sales 0.7x
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