Lantrovision raised to "buy", target cut to 65.5 cents by UOB Kay Hian

Stock Name: LantroVision
Company Name: LANTROVISION (S) LTD

Research House: UOB KayHian

Price Call: BUY

Target Price: 0.655

SINGAPORE (Nov 20): UOB Kay Hian has upgraded Lantrovision to "buy" from "hold", saying value has emerged after the stock's recent correction.

The share price now trades at 13.1 times projected FY2015 earnings and offers "good value", more so considering the company has a number of blue-chip clients, including Microsoft and American Express, UOB Kay Hian analyst Loke Chunying said in a note today.

Lantrovision is involved in installing and maintaining structured cabling systems, such as local-area networks, for companies in the finance, manufacturing and IT services.