Thursday, April 26, 2012

EMS Energy rated 'invest' by SIAS

Stock Name: EMS Ener
Company Name: EMS ENERGY LIMITED
Research House: SIASPrice Call: BUYTarget Price: 0.053



SIAS Research in an Apr 25 research report says: "Since its reverse takeover in 2007, EMS Energy Ltd (EMS) had repeatedly proven its capabilities with the completion of various O&G structures like modular workover units and offshore cranes.

"The company also specializes in high precision down-hole tools and is backed by the American Petroleum Institute (API) certifications. EMS is unremittingly improving its build capabilities and looking to expand into new markets following its entry into Vietnam, India and Australia.

"We project top line to grow at a CAGR of about 10% between FY12F and FY15F. We also conservatively maintain the profit margin at about 4.6% despite possibility of margin accretion owing to effective cost control and EoS. Intrinsic value of 5.3 cents. INVEST."

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