Cordlife kept at 'buy' with $1.30 price target by OSK-DMG

Stock Name: Cordlife
Company Name: CORDLIFE GROUP LIMITED

Research House: OSK-DMG

Price Call: BUY

Target Price: 1.30

SINGAPORE (Nov 18): OSK-DMG is maintaining its "buy" call on Cordlife Group with a price target of $1.30.

In a research note on Nov 18, Arshath Mohamed and Shekhar Jaiswal said they remain confident of Cordlife's growth story and believe the stock offer significant upside given its 32% drop since August.

Cordlife Group's 1QFY15 revenue grew 17% y-o-y to $13.3 million, aided by increased client deliveries. This accounted for 23% of OSK-DMG's estimate. While all key markets registered growth in client deliveries, growth in India was the strongest.