Stock Name: Ryobi Kiso
Company Name: RYOBI KISO HOLDINGS LTD.
SIAS Research in a Sept 28 research report says: "Ryobi Kiso Holdings Ltd (Ryobi) recently entered into an in-principle agreement to develop factories in Vietnam, at the Ascendas-Protrade Singapore Tech Park.
"This deal allows Ryobi to enter into the industrial development space in Vietnam, while working together with Ascendas. This project shows that Ryobi is executing its plan of raising overseas revenue contribution. Stiff competition in Singapore is unlikely to stop the company from growing.
"With this project, Ryobi has enlarged its footprint in Vietnam, raising the potential for more local project wins. Despite the recent market turmoil, Ryobi's share price has risen by 5.1% since our last update on Aug 31. Intrinsic value of 23 cents. MAINTAIN INCREASE EXPOSURE."
Company Name: RYOBI KISO HOLDINGS LTD.
| Research House: SIAS | Price Call: BUY | Target Price: 0.23 |
SIAS Research in a Sept 28 research report says: "Ryobi Kiso Holdings Ltd (Ryobi) recently entered into an in-principle agreement to develop factories in Vietnam, at the Ascendas-Protrade Singapore Tech Park.
"This deal allows Ryobi to enter into the industrial development space in Vietnam, while working together with Ascendas. This project shows that Ryobi is executing its plan of raising overseas revenue contribution. Stiff competition in Singapore is unlikely to stop the company from growing.
"With this project, Ryobi has enlarged its footprint in Vietnam, raising the potential for more local project wins. Despite the recent market turmoil, Ryobi's share price has risen by 5.1% since our last update on Aug 31. Intrinsic value of 23 cents. MAINTAIN INCREASE EXPOSURE."
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