Mencast Fundamental Analysis

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Background of the Company

Established in 1981, Mencast Holding  manufactures and supply sterngear equipment and provide sterngear services for a wide range of commercial vessel-applications. Mencast caters mainly to customers in the offshore oil and gas and marine industry. Customers include major shipyards, shipowners, owners of small tankers, bulk carriers, tugboats.

Financial (Base on FY2009)

  • Current Price = $0.39
  • Current PE = 9.46
  • Rolling PE = 8.49
  • NAV = $0.184
  • Dividend Yield = 2.33%
  • Net Profit Margin = 26.8%
  • ROA = 14.49
  • ROE = 24.97
  • Current Ratio = 2.367
  • Debt to Equity = 0.274

An under value penny stock in Marine sector which have good upside potential for long term investment.

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SATS: Breakdown from Multiple Tops

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SATS has broken from the neckline support & 200D MA support today after forming a multiple tops with increase in selling trading volume. This is a bearish chart pattern and this breakdown may bring SATS to $2.57.

Important things to watch:

  • Whether SATS can rebound from this 200D MA support and stay above $2.80.
  • Whether this $2.80 turned support to resistance.

In summary, the current SATS charts look bearish, and downside risk is much higher than upside potential. $2.97 is a very tough resistance to break as SATS has failed the past 5 times.

  • Current PE = 16.9
  • Rolling PE = 16.2
  • Dividend Yield = 4.6% (base on $2.78 stock price)

SATS is at fair value. This correction may be good for those who want to buy SATS at lower price to collect dividend.

Continue ReadingSATS: Breakdown from Multiple Tops