Memtech International

SINGAPORE (July 2): Trading of shares in Memtech International will be suspended after its free float fell below 10% at the initial closing date of the offer.

SINGAPORE (June 28): M-Universe Investments' cash offer to privatise Memtech International has been extended by some two weeks to July 26 from July 12.

SINGAPORE (May 29): CGS-CIMB Research says minority shareholders of Memtech International (MTEC) should take the cash offer of $1.35 per share, which the brokerage deems to be a “fair” offer price and an “attractive cash exit opportunity”.

SINGAPORE (May 14): Memtech International has received an offer by M-Universe to privatise and delist at $1.35 per share.

SINGAPORE (Mar 19): RHB Research is sticking to its bottom-up approach in the tech sector, focusing on key selection of stocks which have sound fundamentals and balance sheet as well as good growth despite the ongoing trade war issues.

SINGAPORE (Feb 28): CGS-CIMB is downgrading its recommendation on Memtech International to “hold” from “add” with a slightly lowered target price of $1.08 from $1.10 previously.

SINGAPORE (Feb 27): Memtech International, the global components solution provider, reported a 32% decline in FY18 earnings to US$9.6 million ($12.9 million) from US$14.1 million a year ago.

SINGAPORE (June 26): CGS-CIMB Securities is reiterating its “add” recommendation on Memtech International with a target price of $1.47.

SINGAPORE (May 2): UOB Kay Hian is keeping its “hold” call on components solution provider Memtech International and cutting its target price to $1.32, from $1.50 previously.

SINGAPORE (Apr 27): CIMB is maintaining Memtech International at “add” as it continues to like the stock for its double-digit earnings growth, 4% dividend yield, balance sheet strength and customer diversification efforts.