Since the
start of 2022, we have witness the share prices of semiconductors and tech
companies having a correction. No one holds the crystal ball and no one can
predict the future so personally I will place my bet on companies with proven
track record and reputable management.
ISDN:
ISDN Holdings Ltd. engages in the provision of technical consultancy, training and management services. It operates through the following segments: Provision of Engineering Solutions-Motion Control, Other Specialized Engineering Solutions, and Industrial Computing Solutions. The Provision of Engineering Solutions-Motion Control segment offers motion control systems that incorporate components, such as servo motors and drives, mechanical parts, monitors, and industrial computing components. The Other Specialized Engineering Solutions segment includes industrial vision, precision gears, gear boxes, laser technologies for precision measurement and cutting, as well as for industrial locks and hinges. The Industrial Computing Solutions segment provides hardware and software solutions and complements the engineering solutions business. The company was founded in 1986 and is headquartered in Singapore.
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" Indeed, our approach of testing our convictions and moving forward while others are set back has allowed us to deliver 8 successive quarters of record growth for ISDN during these turbulent years, including financial year ended 31 December 2021 (“FY2021”) results that represent all-time records for revenue, shareholder profits, and dividends. More importantly, even while delivering record earnings, we have invested to transform our capabilities. We’ve expanded our technology solutions, upgraded our operational infrastructure, established our 5 pillars of excellence, and grown our productivity. " Adapted from Annual Report 2021.
ISDN has gradually built its growth pillar and reaping rewards from its long term approach.
Price have corrected from $0.85 to $0.605, or 29% correction. With its stable management and clear growth strategy, I will place my bet on ISDN.
Grand Ventures:
Grand Venture Technology Ltd. engages in the provision of manufacturing solutions. It operates through the Life Sciences; Electronics, Medical and Others; and Semiconductor segments. The Life Sciences segment is involved in the manufacturing of key components of mass spectrometers, high performance liquid chromatography instruments used for laboratory testing and pharmaceutical applications. The Electronics, Medical and Others segment manufactures consumable parts, manufacturing and assembly of surgical microscopes and the assembly of complex modules for customers in the business of industrial automation and manufacturing equipment. The Semiconductor segment focuses on the manufacture of electrical components and devices such as transistors and diodes for equipment providers. The company was founded on September 17, 2012 and is headquartered in Singapore.
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" In December 2021, we announced our acquisition of Suzhou-based J-Dragon Tech (Suzhou) Co., Ltd (“J-Dragon”). J-Dragon offers design, development and manufacturing services to an established pool of customers in the aerospace, medical diagnostics and semiconductor industries in China and the acquisition will place us in a good position to tap the huge market potential and positive trends in the aerospace and medical industries in China and international market.
Together with the J-Dragon acquisition, we also announced our acquisition of Formach Asia Sdn Bhd (“Formach”) in Johor, as part of our strategy to ramp up our precision sheet metal manufacturing capacity. The additional capacity will lend strength to our efforts to increase the wallet share of our existing life sciences and semiconductor customers, as well as to attract new customers in the front-end semiconductor manufacturing space. We are delighted to have already received significant interest from potential customers following this announcement. " Adapted from Annual Report 2021.
Grand Ventures seems to have embark on its growth traction since the new shareholder Novo Tellus joined in March 2021. Novo Tellus is specialized in the tech sector and has successfully transformed AEM to a S$1.4 billion market capital company. Price have corrected from $1.45 to $1.02 at this point of writing, 30% correction from its high.
UMS:
UMS Holdings Ltd. is an investment holding company. The firm engages in manufacturing high precision front-end semiconductor components, perform electromechanical assembly and final testing services. It operates through the following segments: Semiconductor and Others. The Semiconductor segment provides precision machining components and equipment modules for semiconductor equipment manufacturers. The Others segment provides shipment of water disinfection systems and the supplier of base components to oil and gas original manufacturers. The company was founded by Andy Luong in 1984 and is headquartered in Singapore.
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UMS has launched a takeover of JEP last year, increasing its stake to 72%, worth about $118 million at $0.40 per share of JEP. I believe UMS will continue to add value to its shareholders while maintaining a good dividend yield. Price has corrected from $1.78 to $1.18 or a 33% correction.
Frencken:
Frencken Group Ltd. is an investment holding company, which engages in the provision of design and manufacturing solutions for analytical and life sciences, automotive, healthcare, industrial, and semiconductor industries. It operates through the following segments: Mechatronics, and Integrated Manufacturing Services (IMS), Investment Holding and Management Services, and Other. The Mechatronics segment design and manufacture complex electro-mechanical assemblies and automation systems for original equipment manufacturers. The IMS segment deals with one-stop integrated solution to manufacture plastic components for assembly into modules and finished products. The Investment Holding and Management Services comprises investment holding companies. The Other segment focuses in the investment property holding company. The company was founded by Hock Peng Low and Soon Hock Gooi on August 27, 1999 and is headquartered in Prai, Malaysia.
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" The long-term growth catalysts will come from our continual focus on the expansion of our current businesses through market share increases with both existing and new customers, as well as our initiatives to build new business pillars in the technology space. The Mechatronics Division has forged long-term customer relationships with multinational companies that are leaders in their respective fields. To expand wallet share with these customers, the division will continue collaborating closely with them on new product introductions while working to move up the value chain. " Adapted from Annual Report 2021.
I like the fact that the management is working towards a sustainable long term growth rather than a bumpy short term roller coaster ride. Price has corrected from $2.52 to $1.56 at this point of writing, or a 38% correction from its high.
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