Sincere dividends

Sincere HK reported its full year results after the close of market yesterday. The results were very encouraging. In particular, we note that its top line growth increased by 26%. Investors who track this stock will note that the price of the counter surged today. One of the reason is because Sincere has recommended a dividend of HKD 6 cents per share.

MOS will be reviewing the results of Sincere HK with interest in the days ahead and may provide some thoughts. We may also share our views of the recent 3Q07 results of Micro Mechanics. Whilst the numbers were weak, we did not consider it to be unexpected given the poor state of affairs in the entire semiconductor industry in the last quarter.

In the meanwhile, readers may wish to visit our partner site to view an interview of Mr Warren Buffett.