Stock Name: IPSSecurex
Company Name: IPS SECUREX HOLDINGS LIMITED
Company Name: IPS SECUREX HOLDINGS LIMITED
| Research House: OSK-DMG | Price Call: BUY | Target Price: 0.63 |
SINGAPORE (Feb 12): OSK DMG is maintaining its "buy" call on IPS Securex Holdings with a target price of 63 cents. "We continue to remain bullish on IPS and expect the potential PepperBall contract worth US$20 million to US$30 million to come soon," it said.
IPS's 1H revenue increased by 52% to $5.8 million mainly due to increased sales of security products and integrated security solutions to customers in Vietnam and Singapore, coupled with the supply of parts for border security equipment to Malaysian customers.
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