"Miyoshi provides a wide range of precision stamping, prototyping, metal finishing and automation for our customers with high quality solutions. Our technical hub is located in Wuxi, China.
More specifically, our capabilities include:
• Product design and prototyping for precision components and assemblies in the data storage, consumer electronics and automotive markets.
• Core manufacturing capabilities such as precision metal stamping, progressive cold forging, mechanical joining/laser welding, electroplating, manual assembly and testing.
• A regional network of manufacturing sites that have achieved numerous quality registrations, including ISO 9001, ISO/TS 16949 and ISO 14001.
Through our subsidiary, Miyoshi Optoelectronics (S) Pte Ltd, we provide electronics solutions that have wide applications in homeland security, border control and law enforcements. We have entered into a joint marketing agreement with a Japanese multi-national company for the two companies to jointly market high-performance face-recognition surveillance related products in Singapore, Malaysia and other countries in the Asia Pacific region.
Through our investment in Core Power (Fujian) New Energy Automobile Co., Ltd, we manufacture and sell electric cars in various parts of China.
Besides the above, Miyoshi is also developing our high-tech indoor hydroponics plant factory, using our domain knowledge of mechanical engineering and our Japanese heritage to bring sustainable farming to the region." ( Taken from Annual Report 2017 )
Investment Merit:
1) " Miyoshi paid S$8.8 million for a 15% stake in Core Power (Fujian) New Energy Automobile Co., Ltd, which values the latter at nearly S$60 million.
Under a MOU with Core Power, Miyoshi has the option to increase its stake to 49%." Taken from https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11570-miyoshi-nascent-investment-that-s-a-potential-growth-driver
At this point of writing, Miyoshi has a market cap of $37.82 million at $0.076 a share. Based on Nextinsight's article, Miyoshi's investment is now worth $60 million or $0.121 per share, which suggest Miyoshi may have a higher book value.
2) Rewarding shareholders.
Other than the 2 yrs FY2010 and FY2011 which miyoshi suffered losses, Miyoshi has been paying out dividend since 2002, with a total payout of $0.1035.
3) A few business in incubation:
- optoelectronics
- electric vehicle
- indoor farming
The largest of which is electric vehicle. Hopefully, Miyoshi can generate some figures from these incubation and reward shareholder further.
Risk:
1) Failure in investment
2) Unable to unlock value via sale of assets
*disclaimer: I am vested at $0.078
Other than the 2 yrs FY2010 and FY2011 which miyoshi suffered losses, Miyoshi has been paying out dividend since 2002, with a total payout of $0.1035.
| Dividend | In S$ |
|---|---|
FY2017
|
0.004
|
| FY2016 | 0.004 |
FY2015
|
0.0035
|
| FY2014 | 0.004 |
| FY2013 | 0.003 |
FY2012
|
0
|
| FY2011 | 0 |
|---|---|
FY2010
|
0.003
|
| FY2009 | 0.003 |
FY2008
|
0.003
|
| FY2007 | 0.055 |
| FY2006 | 0.006 |
FY2005
|
0.003
|
| FY2004 | 0.009 |
| FY2003 | 0.003 |
Total
|
$0.1035
|
- optoelectronics
- electric vehicle
- indoor farming
The largest of which is electric vehicle. Hopefully, Miyoshi can generate some figures from these incubation and reward shareholder further.
Risk:
1) Failure in investment
2) Unable to unlock value via sale of assets
*disclaimer: I am vested at $0.078
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