Hi,
MDR is indeed a promising counter.
Badly bruise a few years back.
Now, Phillip Eng is charting it back on course for growth. Maybe slow at start but it is moving.
Recently, it set up a company in Mynmmar. I guessed it may be working on a auto business.
That what Mr.Eng does in Cycle & Carriage.
The share price had been holding up at 0.18 cts.
The only misgiving is the huge number of shares the counter have.
If any good news comes along, it will likely to break the 2 cts barrier.
Be patient on it.
Hi Garl,
It is never easy for business to grow.
However, do take comfort that Mr. Eng does have a good track records, first in C&C and now.
It only a matter of time...
Something is brewing in MDR..... MDR may be a good bet this year.
If the company is able to distribute mobiles to the potential 60 million people in Myanmar, comparing with a 5 million people in Singapore, then we can expect the price of the counter rise.