QT Vascular kept at 'buy' with 60 cents target price by UOB Kay Hian

Stock Name: QT Vascular
Company Name: QT VASCULAR LTD.

Research House: UOB KayHian

Price Call: BUY

Target Price: 0.60

SINGAPORE (Feb 26): UOB Kay Hian has maintained its "buy" rating for QT Vascular, the designer and distributor of medical devices for vascular diseases, with a target price of 60 cents, as its FY14 results came in within expectations.

FY14 revenue rose 140.7% yoy to US$13.2 million ($17.9 million), compared with UOB Kay Hian estimates of US$13.4 million, driven by higher sales volumes of the Chocolate PTA and Glider PTCA balloon catheters in the US.