Stock Name: Karin
Company Name: KARIN TECHNOLOGY HLDGS LIMITED
OCBC Investment Research in a June 23 research report says: "We believe that Karin Technology (Karin) could be poised for double-digit growth in both its top and bottom-line for FY11, having already performed strongly in 1H11.
"This is due to the still encouraging operating environment which Karin operates in, although the increasing uncertainty stemming from the tepid U.S. economic growth and EU sovereign debt crisis could dampen its growth prospects. We continue to like Karin for its diversified product and service offerings and increasing emphasis placed on 'green' technology.
"Prospective dividend yield remains attractive at 8.7%, which could lend some level of support to its current share price. Fair value estimate of 31.5 cents, still based on 8x blended FY11/FY12F EPS. MAINTAIN BUY."
Company Name: KARIN TECHNOLOGY HLDGS LIMITED
| Research House: OCBC | Price Call: BUY | Target Price: 0.315 |
OCBC Investment Research in a June 23 research report says: "We believe that Karin Technology (Karin) could be poised for double-digit growth in both its top and bottom-line for FY11, having already performed strongly in 1H11.
"This is due to the still encouraging operating environment which Karin operates in, although the increasing uncertainty stemming from the tepid U.S. economic growth and EU sovereign debt crisis could dampen its growth prospects. We continue to like Karin for its diversified product and service offerings and increasing emphasis placed on 'green' technology.
"Prospective dividend yield remains attractive at 8.7%, which could lend some level of support to its current share price. Fair value estimate of 31.5 cents, still based on 8x blended FY11/FY12F EPS. MAINTAIN BUY."
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