MTQ

MTQ: (The Edge) Boosted by new Bahrain plant and premier grp. For FY12 Grp reported a 37% yoy rise in earnings to $14.6m on back of a 40% yoy increase in rev, as 2 new acquisitions provided a lift to grp’s full yr top and bottom lines. Going forward, grp plans to keep capex low in SG and focus mainly on equipment upgrading and replacement, and intends to consolidate operations btwn Premier and MTQ, with MTQ focusing on larger components and Premier on smaller component manufacturing. Investors have however shown little interest in MTQ, with co. trading at 5.1x trailing P/E , although Grp has been paying div of 3-4c every yr, for the last 3-4 yrs.