Stock Name: Portek
Company Name: PORTEK INTERNATIONAL LIMITED
Company Name: PORTEK INTERNATIONAL LIMITED
| Research House: DMG | Price Call: BUY | Target Price: 1.56 |
Portek International advances after DMG & Partners Securities recommended investors “buy” the stock.
The brokerage said Portek’s fair value is $1.56 per share based on DMG’s estimates. An offer by Philippine-based International Container Terminal Services Inc. to buy the Singapore-based company at $1.20 apiece “undervalues” the stock, it said.
The brokerage said Portek’s fair value is $1.56 per share based on DMG’s estimates. An offer by Philippine-based International Container Terminal Services Inc. to buy the Singapore-based company at $1.20 apiece “undervalues” the stock, it said.
Portek climbed 3.6% to $1.28 as of 9:25 a.m. in Singapore. The stock rose to as high as $1.295 earlier, the highest intra-day price since it started trading in March 2002.
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