Stock Name: Biosensors
Company Name: BIOSENSORS INT'L GROUP, LTD.
OCBC Investment Research in a June 14 research report says: "Biosensors International Group (BIG) has proposed to acquire the remaining 50% stake in JW Medical Systems (JWMS) from Shandong Weigao Group Medical Polymer (Shandong Weigao).
"We believe that this move would help to support BIG's earnings momentum moving forward. Management estimates that this acquisition would be completed by the later part of the year (assuming shareholder approval is obtained), implying that JWMS is likely to be consolidated from 2H12 onwards.
"We take into account the dilutive impact caused by the enlarged share base and also update our required return on equity assumption to 9.1%. Fair value estimate increases from $1.55 to $1.60. MAINTAIN BUY."
Company Name: BIOSENSORS INT'L GROUP, LTD.
| Research House: OCBC | Price Call: BUY | Target Price: 1.60 |
OCBC Investment Research in a June 14 research report says: "Biosensors International Group (BIG) has proposed to acquire the remaining 50% stake in JW Medical Systems (JWMS) from Shandong Weigao Group Medical Polymer (Shandong Weigao).
"We believe that this move would help to support BIG's earnings momentum moving forward. Management estimates that this acquisition would be completed by the later part of the year (assuming shareholder approval is obtained), implying that JWMS is likely to be consolidated from 2H12 onwards.
"We take into account the dilutive impact caused by the enlarged share base and also update our required return on equity assumption to 9.1%. Fair value estimate increases from $1.55 to $1.60. MAINTAIN BUY."
No comments:
Post a Comment