Global Testing price target raised 17.6% to 20 cents by RHB

Stock Name: Global Testing
Company Name: GLOBAL TESTING CORPORATION LTD

Research House: RHB

Price Call: BUY

Target Price: 0.20

SINGAPORE (May 4): RHB Securities Singapore has raised its price target for Global Testing Corp from 17 cents to 20 cents, based on a discounted cash-flow valuation.

"Due to capital expenditure lowering significantly going forward, accompanied by higher profits, we switch to a discounted cash-flow valuation to better value the rich free cash flow that Global Testing will be able to generate," RHB analysts Jarick Seet and Terence Wong wrote in a note today.

They have a "buy" call on the stock.

Global Testing kept at 'buy' with 16.5 cents target price by OSK-DMG

Stock Name: Global Testing
Company Name: GLOBAL TESTING CORPORATION LTD

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.165

SINGAPORE (Nov 11): OSK-DMG is maintaining its "buy" call on Global Testing with an unchanged target price of 16.5 cents.

In a results review on Nov 11, analysts Jarick Seet and Terence Wong said Global Testing had announced favourable 3Q14 results which was backed by the ongoing turnaround of its main customer TSMC. They also like the company for its net cash position of 6 cents a share, continued share buybacks, and lower depreciation expenses.