Memtech International

Company in the news

Memtech's free float falls below 10%; suspends trading of shares on SGX

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.


Cash offer for Memtech extended by 2 weeks to July 26

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.

Broker's Calls

Memtech minority shareholders should take $1.35 cash offer, says CGS-CIMB

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”.

Deals, joint ventures & alliances

Memtech offered $1.35/share to delist by executive chairman-led consortium

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

Broker's Calls

RHB stays 'neutral' on tech sector as it awaits trade deal conclusion

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.

Broker's Calls

Memtech downgraded to 'hold' with lower TP of $1.08

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.


Memtech reports 32% decline in FY18 earnings to US$9.6 mil

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.

Broker's Calls

Accumulate Memtech on share price weakness: CGS-CIMB

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

Broker's Calls

Memtech faces drag amid sector de-rating but could race ahead next year

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.

Broker's Calls

Memtech kept at 'add' by CIMB on double-digit growth, dividend yield and diversification

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.