Tuesday, April 21, 2015

IPS Securex kept at 'buy' with unchanged 63 cents target by RHB

Stock Name: IPSSecurex
Company Name: IPS SECUREX HOLDINGS LIMITED
Research House: RHBPrice Call: BUYTarget Price: 0.63



SINGAPORE (Apr 21): RHB Research has maintained its "buy" call with an unchanged target price of 63 cents on IPS Securex Holdings as it remained bullish view on the company's outlook.

In a note to client today, RHB Research said it expects stellar results ahead as IPS continues to establish a stable foothold in the homeland security business.

"In addition, we are optimistic about more potential contract wins as well on sales of PepperBall Technologies-related products to neighbouring governments, which could bring IPS' earnings to a whole new level," it added.

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