Heading up to China to visit MEMTECH's factories

NEXTINSIGHT and several analysts are headed up to Nantong and Kunshan in China to visit the factories of Memtech International.

Memtech manufactures components for the automotive and electronics industry. 

2014 was a turnaround year for the company which reported net profit of US$6.5 million, excluding an exceptional gain of US$10.7 million. The previous year was loss-making to the tune of US$4.4 million.

Memtech (14 cents) is currently in a net cash position of US$30.5m (~S$42m) or 43% of its market capitalization. If cash were to be excluded, Memtech trades at only 2.4x FY15F P/E.

Look out for our report and pictures!

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