Stock Name: Tee Intl
Company Name: TEE INTERNATIONAL LIMITED
SIAS Research in a July 18 research report says: "TEE delivered a spectacular FY2011 results with revenue and PATMI rising 62.7% and 52.2% y-o-y to $253 million and $17.3 million respectively, largely in line with expectations.
"The former's increment was due to the engineering division's robust order book and greater contribution from the integrated real estate segment. Despite higher raw material expenses (COGS climbed 69.4% y-o-y), well controlled operating expenses supported margins and assisted TEE in ending the financial year with yet another record PATMI.
"The company is trading attractively at a FY12F P/E of 6.19X (assuming full conversion of warrants). Upgraded intrinsic value of 45 cents. MAINTAIN INCREASE EXPOSURE."
Company Name: TEE INTERNATIONAL LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 0.45 |
SIAS Research in a July 18 research report says: "TEE delivered a spectacular FY2011 results with revenue and PATMI rising 62.7% and 52.2% y-o-y to $253 million and $17.3 million respectively, largely in line with expectations.
"The former's increment was due to the engineering division's robust order book and greater contribution from the integrated real estate segment. Despite higher raw material expenses (COGS climbed 69.4% y-o-y), well controlled operating expenses supported margins and assisted TEE in ending the financial year with yet another record PATMI.
"The company is trading attractively at a FY12F P/E of 6.19X (assuming full conversion of warrants). Upgraded intrinsic value of 45 cents. MAINTAIN INCREASE EXPOSURE."
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