SINGAPORE (Mar 7): CIMB is optimistic on Memtech International projects from new customers like Tesla, Beats and Bose giving earnings a boost. The research house is also raising its target price to $1.76, based on 12 times FY19 earnings from 10 times previously. "We think Memtech deserves to trade a...

THE rise of the smartphone almost broke Chuang Tze-Mon's company - Elon Musk provided its salvation.

SINGAPORE (Mar 6): The rise of the smartphone almost broke Tze-Mon Chuang’s company -- Elon Musk provided its salvation. Singapore-based Memtech International Ltd. has more than doubled its market value in the past year thanks to tie-ups with the likes of Tesla Inc. The manufacturer is a key supp...

SINGAPORE (Feb 27): Memtech announced that its 4Q17 earnings dropped 6.5% to US$3.76 million ($4.95 million) compared to US$4.02 million in 4Q16. This brings FY17 earnings to US$14.1 million, 125.3% higher than US$6.27 million in FY16. Revenue for the quarter was 3.5% higher at US$49.6 million from ...

ELECTRONICS components manufacturer Memtech International posted a 6.5 per cent drop in profit to US$3.76 million from the previous year, dragged down by lower sales from its consumer electronics and telco segments, as well as higher staff costs and foreign exchange losses.