Stock Name: Ryobi Kiso
Company Name: RYOBI KISO HOLDINGS LTD.
SIAS Research in a March 16 research report says: "Ryobi announced the acquisition of 70% stake in two Australian piling and geotechnical services companies, Compile Australia Pty Ltd and Compile-Ryobi Australia Pty Ltd, for a total consideration of approximately A$2.8 million ($3.68 million).
"These strategic acquisitions will allow Ryobi to enter the Western Australia market and help achieve its regionalization plan. For now, we see these acquisitions as footholds in a new market.
"We maintain our forecasts and valuation on Ryobi pending further developments from these companies. Intrinsic value of 21.5 cents. MAINTAIN INCREASE EXPOSURE."
Company Name: RYOBI KISO HOLDINGS LTD.
| Research House: SIAS | Price Call: BUY | Target Price: 0.215 |
SIAS Research in a March 16 research report says: "Ryobi announced the acquisition of 70% stake in two Australian piling and geotechnical services companies, Compile Australia Pty Ltd and Compile-Ryobi Australia Pty Ltd, for a total consideration of approximately A$2.8 million ($3.68 million).
"These strategic acquisitions will allow Ryobi to enter the Western Australia market and help achieve its regionalization plan. For now, we see these acquisitions as footholds in a new market.
"We maintain our forecasts and valuation on Ryobi pending further developments from these companies. Intrinsic value of 21.5 cents. MAINTAIN INCREASE EXPOSURE."
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