Stock Name: MTQ
Company Name: MTQ CORPORATION LIMITED
Company Name: MTQ CORPORATION LIMITED
| Research House: OSK-DMG | Price Call: BUY | Target Price: 1.74 |
SINGAPORE (Oct 31): OSK DMG has trimmed MTQ Corporation Ltd's target price to $1.77 on the back of lower utilisation in the Singapore facility and slow starts in the Binder Group.
In a note today, OSK DMG analyst Lee Yue Jer said the lower utilisation in the Singapore facility and slow starts in the Binder Group marred an otherwise spotless quarter, prompting it to lower FY15/16F earnings by 22/18% with lower target price of $1.74 (from $2.16), implying a 35.1% upside.
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