Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 30 Jul 2013
Globetronics Technology; Buy; RM2.65
Price Target: RM3.50 (Prev RM3.00); GTB MK
Earnings uptrend intact
Increasing production of temperature devices to lift FY13-15F earnings; lift EPS by 1-5%. Expect strongr 2Q13 earnings driven by healthy volume loading. Raise forecast dividend payout to 75%. Maintain BUY rating with higher TP of RM3.50.
Source: HwangDBS Research - 30 Jul 2013
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