Globetronics Technology: Beginning Of Multi-year Trends

Date: 06/09/2017

Source  :  UOBKayHian
Stock  :  GTRONIC       Price Target  :  7.50      |      Price Call  :  BUY
        Last Price  :  2.48      |      Upside/Downside  :  +5.02 (202.42%)

(GTB MK/BUY/RM6.40/Target: RM7.50)

We reiterate our positive view on Globetronics. On top of its strong earnings prospects (CAGR of 79% in 2016-19) from new light and gesture sensors which just started mass production in June, there are opportunities to loop in more new products which would support earnings upside in 2018-19. Leveraging on its strong business relationship with its fast-growing sensor segment client, Globetronics is well positioned to benefit from the ongoing increase in sensor content for smartphone applications. Maintain BUY with a higher target price of RM7.50.

Source: UOB Kay Hian Research - 6 Sept 2017

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Chart Stock Name Last Change Volume 
GTRONIC 2.48 -0.12 (4.62%) 4,692,500 

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