Global Testing kept at 'buy' with 16.5 cents target price by OSK-DMG

Stock Name: Global Testing
Company Name: GLOBAL TESTING CORPORATION LTD

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.165

SINGAPORE (Nov 11): OSK-DMG is maintaining its "buy" call on Global Testing with an unchanged target price of 16.5 cents.

In a results review on Nov 11, analysts Jarick Seet and Terence Wong said Global Testing had announced favourable 3Q14 results which was backed by the ongoing turnaround of its main customer TSMC. They also like the company for its net cash position of 6 cents a share, continued share buybacks, and lower depreciation expenses.