Stock Name: Serial
Company Name: SERIAL SYSTEM LTD
SIAS Research in a Nov 7 research report says: "Serial made three proposed acquisitions over the last three weeks.
"The three acquisitions, costing a total of $5.6 million, will allow Serial to (a) penetrate the Korean automotive industry and "small manufacturer market", (b) acquire two major branded Taiwan manufacturing customers and (c) take over a ready customer base in Korea to distribute the National Semiconductor brand of products.
"Serial reported a 2.3% y-o-y decline in revenue for 3Q FY11 - from $195.0 million in 3Q FY10 to $190.4 million in 3Q FY11. We adjusted our revenue and PATMI forecasts for FY2011 to $770.0 million and $13.1 million respectively and reduced our intrinsic value to 17.2 cents per share.MAINTAIN INCREASE EXPOSURE."
Company Name: SERIAL SYSTEM LTD
| Research House: SIAS | Price Call: BUY | Target Price: 0.172 |
SIAS Research in a Nov 7 research report says: "Serial made three proposed acquisitions over the last three weeks.
"The three acquisitions, costing a total of $5.6 million, will allow Serial to (a) penetrate the Korean automotive industry and "small manufacturer market", (b) acquire two major branded Taiwan manufacturing customers and (c) take over a ready customer base in Korea to distribute the National Semiconductor brand of products.
"Serial reported a 2.3% y-o-y decline in revenue for 3Q FY11 - from $195.0 million in 3Q FY10 to $190.4 million in 3Q FY11. We adjusted our revenue and PATMI forecasts for FY2011 to $770.0 million and $13.1 million respectively and reduced our intrinsic value to 17.2 cents per share.MAINTAIN INCREASE EXPOSURE."
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