Last $0.18 SGD
Change Today -0.001 / -0.55%
Volume 382.0K
MFS On Other Exchanges
Symbol
Exchange
Singapore
As of 5:04 AM 10/1/14 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
08/25/14 - $0.18
52 Week Low
02/7/14 - $0.10
Market Cap
117.6M
Average Volume 10 Days
712.8K
EPS TTM
$0.01
Shares Outstanding
653.4M
EX-Date
04/16/14
P/E TM
15.5x
Dividend
$0.0050
Dividend Yield
5.56%
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 Appoints Hee Siew Fong as Chief Financial Officer and Company Secretary, Effective from 6 August 2014

MFS Technology Ltd. announced that Ms. Hee Siew Fong has been appointed as the Chief Financial Officer and Company Secretary of the company with effect from 6 August 2014. From July 2011 to November 2013 Hee Siew worked as Group CFO of Auric Pacific Group Limited.

MFS Technology Ltd Re-Designates Chia See Yan, Ronnie as Financial Consultant

MFS Technology Ltd. announced re-designation of Chia See Yan, Ronnie as Financial Consultant, he has relinquished his position as the Chief Financial Officer and Company Secretary of MFS Technology Ltd. with effect from 6 August 2014.

MFS Technology Ltd Reports Unaudited Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Plant and Equipment Write-Off for the Second Quarter Ended June 30, 2014

MFS Technology Ltd. reported unaudited group earnings results for the second quarter and six months ended June 30, 2014. For the quarter, sales were SGD 54.9 million against SGD 42.7 million last year. Profit before income tax was SGD 4.5 million against SGD 2.2 million last year. Profit attributable to equity holders of the company was SGD 4.2 million or 0.65 cents per diluted share against SGD 1.3 million or 0.20 cents per diluted share last year. Net cash used in operating activities was SGD 1 million against net cash provided by operating activities of SGD 0.6 million last year. Purchase of plant and equipment was SGD 1.6 million against SGD 1.7 million last year. The increase in revenue was mainly attributed to: (a) spillover effect from first quarter of 2014 where deliveries were affected by labor shortages coming off the Chinese New Year celebration; (b) higher revenue from Flexible Printed Circuits (FPC) division due to higher demand from key customers in Automotive and Consumer segments. The Industrial, Medical and Mobile segments also reported increase in revenue; and (c) offset by lower revenue from Printed Circuits Board (PCB) division resulting from the pruning of unprofitable and lower margin programs. The increase in profit after tax is attributable to: (a) higher gross profit of SGD 1.6 million from the higher revenue generated; (b) one-off gain of SGD 0.9 million on disposal of the old factory land in Changsha; (c) lower income tax expenses mainly due to write back of over provision for prior years' tax amounting to SGD 0.4 million; and (d) offset by obsolete plant and machinery written off of SGD 0.6 million. For the six months, sales were SGD 95.9 million against SGD 82.0 million last year. Profit before income tax was SGD 6.4 million against SGD 4.1 million last year. Profit attributable to equity holders of the company was SGD 5.9 million or 0.90 cents per diluted share against SGD 2.5 million or 0.38 cents per diluted share last year. Net cash provided by operating activities was SGD 3.5 million against SGD 2.9 million last year. Purchase of plant and equipment was SGD 3.3 million against SGD 2.8 million last year. The increase in revenue was mainly attributed to the following: (a) higher FPC revenue driven by demand from Automotive, Consumer and Industrial Segments; and (b) offset by lower PCB revenue mainly due to pruning of unprofitable and lower margin Programs. The increase in profit was mainly due to one-off gains on disposal of the old factory land and buildings in Changsha; and higher gross profit as a result of higher sales amounting to SGD 2.4 million and SGD 0.5 million respectively. For the quarter, plant and equipment written off was SGD 0.570 million.

 

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Industry Analysis

MFS

Industry Average

Valuation MFS Industry Range
Price/Earnings 14.3x
Price/Sales 0.7x
Price/Book 1.0x
Price/Cash Flow 14.4x
TEV/Sales 0.5x
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