Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 8 Oct 2013

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Publish date: Tue, 08 Oct 2013, 11:07 AM
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This blog publishes research highlights from Affin Hwang Capital Research.

Globetronics Technology; Buy; RM2.93
Price Target: RM3.50 (Prev 3.50); GTB MK
Scaling new heights

Roadshow indicates strong interest in Group. Key catalysts: TCXO capacity expansion and potentially >75% payout of FY13 NI. Valuation attractive at 11-13x FY14-15F EPS, supported by 6-7% net yield and 23-24% ROE. Maintain BUY with RM3.50 TP.

Source: HwangDBS Research - 8 Oct 2013

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