Is the 2012 hit for the self styled queen of rap Nicki Minaj.
With the Ringgit now at RM4.49 against the US Dollar, Mieco looks to benefit considerably, because the bulk of its revenue is in US Dollars, and also because it's factories are mostly run on the AUTOMATIC.
What this means are, it's machineries are automated, hence they rely less on hard labour .
On October, I wrote :
Thursday, 20 October 2016
Mieco GO Is Good
As DEAD. Ng Ah Chai made a mandatory general offer for Meico at 90 sen a share.
The stock now trades at RM1.03, though volume so far is not convincing enough, for Meico to retest the RM1.40 level now.
That could however change in December though, if the dollar keeps firm, and the spring cleaning takes place as planned.
I like Meico, but this no contra stock...as Meico's real potential might only be realised in 2017.
WELL December is going to end, and Mieco is trading at RM1.30. This stock has all the tools to be a RM2 a share stock , come February 2017.
