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Monday, 30 April 2007

Multi-Chem 1Q results on 27th April 2007

Profit tumbled by nearly 60% due to slow down in PCB drilling & routing demand in Singapore and China. I almost fainted when I see that. But on closer look at the financial statement, I was relieved to learn that its IT distribution grew more than 87.4 % this quarter, 1Q 2007 compared to the same quarter last year 1Q 2006 and 33% compared to 4Q 2006.

Thus, Multi-Chem's IT distribution business was still on track to smoothen out the cyclical earnings of its PCB drilling and routing business. I am still confident that its IT distribution business will continue maintain a strong growth in the next 2 years.

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