Stock Name: Amtek Engg
Company Name: AMTEK ENGINEERING LTD
Company Name: AMTEK ENGINEERING LTD
| Research House: UOB KayHian | Price Call: BUY | Target Price: 0.715 |
SINGAPORE (Nov 18): UOB Kay Hian has upgraded Amtek Engineering to "buy" and raised its price target from 70.5 cents to 71.5 cents, implying 9.5 times projected FY2016 earnings.
The maker of precision components and casings is likely to restructure Interplex Industries, which it acquired earlier this year, to improve operational and cost efficiencies, according to UOB Kay Hian analyst Loke Chunying.
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