Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Millennium Pacific Group Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sale of consumer electronic devices in the People's Republic of China and Hong Kong. The company offers fitness bracelets, GPS personal navigation devices, mobile internet devices, and TV set-top boxes. It is also involved in the trading of electronic devices; and development and sale of software applications. In addition, the company provides design, prototyping/sampling, manufacturing, assembling, and packaging services to customers' products. The company was founded in 2004 and is headquartered in Tsim Sha Tsui, Hong Kong.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E.