UOB Kay Hian Research Articles
Globetronics Technology: "Sensor-tional" Growth
UOBKayHian
Publish date: Tue, 11 Apr 2017, 11:03 AM
UOBKayHian
0 1,987
An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
(GTB MK/BUY/RM5.29/Target: RM6.08)
Globetronics is set to post record earnings in 2018-19 as the strong comeback in its sensor segment will provide revenue visibility (product life cycle of 3-4 years). Commercialisation of other sensors under development could be the wild card for 2018-19. Share price momentum should remain strong in tandem with that of other players in the smartphone supply chain. The stock trades at 13.5x 2018F ex-cash PE with an attractive yield of 6.1%. Initiate coverage with BUY. Target price: RM6.08.
Source: UOB Kay Hian Research - 11 Apr 2017
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