Stock Name: Innovalues
Company Name: INNOVALUES LIMITED
Company Name: INNOVALUES LIMITED
| Research House: Maybank Kim Eng | Price Call: BUY | Target Price: 0.65 |
SINGAPORE (Jan 27): Maybank Kim Eng is maintaining its "Buy" call for Innovalues with an unchanged target price of $0.65, adding that the company remains the house's top small-cap pick in Singapore.
In a report released today, Maybank Kim Eng says that Innovalues would benefit from the strengthening of the USD. It is expected to gain a 0.7% boost to gross profit for every 1% gain in USD vs. SGD, as 90% of its revenue is denominated in USD.
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