Stock Name: Memtech Intl
Company Name: MEMTECH INTERNATIONAL LTD
Company Name: MEMTECH INTERNATIONAL LTD
| Research House: CIMB | Price Call: BUY | Target Price: 0.22 |
SINGAPORE (April 29): CIMB has started coverage on Memtech International with an "add" rating and a price target price of 22 cents, which is based on 10 times projected FY2016 earnings.
"Memtech appears set for multi-year earnings growth as the company successfully transitions towards serving automotive customers after the demise of the handset keypad industry," CIMB analyst William Tng wrote in a note.
Singapore-based Memtech makes high-end silicone rubber and plastic components used in the automotive, telecommunications and consumer electronics industries.
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