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"MIDA is promoting the growth of local supply chains to support the growth of the automotive semiconductor market. To promote this, MIDA has adopted the ecosystem approach where we fill in the gaps in automotive semiconductors."
Hope to see this counter can finally rebound after so long zzz
it will take time. nevertheless, the decision to exit the general lighting and tv segment to focus on niche/specialized auto lighting in 2015 is paying off gradually
It's trending to high single digit sales growth yoy and may stretched to double digit. Have a look at it over the last 10 years performance and post 2015 performance.
nice growth story unfolding and upcoming annual report will provide better picture in terms of (1) confirm its growth story (2) risk of stagnant growth
hi eng, traders/investors wish is to be profitable. that's the bottom line. hence, there will be different definition of growth stocks. just my opinions - (1) unsustainable growth stocks - one that rises too fast within short period of time, being promoted frequently, profit growth faster than sales growth (2) sustainable growth stocks - sales growth that matches growth in operating income and cash flow, smaller but consistent growth rates
both definitions of growth will help to meet the bottom line of profitable trades. difference is duration. unsustainable growth stocks will eventually perform worse compared to sustainable growth over a period of time.
hi muniandy, you have to do your own due diligence. I am just sharing my opinions. nevertheless, you can also wait for upcoming annual report to confirm its performance - either continuous growth or start seeing risk stagnant growth. hope it helps.
hi Jason, please do your own due diligence as I am just sharing my opinions based on its available informations. in my opinion, it's a growth stock due to its consistent sales growth yoy (high single digit) after streamlining its business back in 2015. waiting for its upcoming annual report. current price is near its sideway correction and in my opinion, possible entry. do look out for its sales growth in its upcoming annual report.