Excelpoint is now trading near its 52 weeks low.
52 weeks low 59 cts. High 76 cts.
Current trailing p/e 5.9X
Dividend yield - 7.5% based on dividend of 4.5 cts n current price of 60.0 cts.
"Our continued focus on building value-added capabilities has given rise to new business opportunities in key segments of our business, in particular Mobile and Computing, Industrial and Instrumentation, and Consumer Electronics.
The outlook for the electronics manufacturing supply chain remains positive with new and innovative technologies, such as 5G, E-Vehicles and the introduction of autonomous systems, expanding the range of applications which will increase
the demand for our products and services.
We continue to see growth potential in the India market especially with infrastructure developments in sectors such as banking, security and manufacturing.
While there are uncertainties in the business environment, we see promising opportunities in the regions we operate in.
We believe that with our strong positioning in the electronics value chain, we can mine these opportunities and grow our business sustainably.
*Excelpoint Technology
- Invested $0.3m in Singapore-based semiconductor chip design company CLOPTech in the form of convertible loan.
- The spin-off company from A*STAR was established in 2015 and has global partnerships with foundries, equipment manufacturers and technology providers.
- Its IP protected commercial chipset product is used in long-range wireless infrastructure products, and it has secured lead customer orders for product design integration.
- The investment is part of the group’s strategy to diversify into IoT applications.
- The group has an investment commitment of $5m to invest in IoT innovators and start-up activities.
- Trades at 6.7x trailing P/E.
