Tuesday, April 14, 2015

Memtech started at "buy", 17-cent target by KGI Fraser

Stock Name: Memtech Intl
Company Name: MEMTECH INTERNATIONAL LTD
Research House: KGI FraserPrice Call: BUYTarget Price: 0.17



SINGAPORE (April 14): KGI Fraser Securities has started coverage on Memtech International with a "buy" rating and 17-cent price target, pegged at 11 times projected 2015 earnings.

The Singapore-based maker of components and parts for the automotive and electronics industries is seeing a resurgence in business following years of struggle, according to KGI analyst Renfred Tay.

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