Innovalues held at 'buy' with higher target price of 49 cents by AmFraser

Stock Name: Innovalues
Company Name: INNOVALUES LIMITED

Research House: AmFraser

Price Call: BUY

Target Price: 0.49

SINGAPORE (Nov 10): AmFraser has maintained its "buy" call on Innovalues, the manufacturer of customised precision parts, with a higher target price of 49 cents.

In a report dated Nov 10, AmFraser analyst Renfred Tay says since his initiation, Innovalues has risen by 52%. However, he believes there is still some more upside in the stock.