Global Invacom Group - RHB Invest 2015-12-02: Gearing Up For a Turnaround In FY16
GLOBAL INVACOM GROUP LIMITED QS9.SI Global Invacom Group (RAD SP) - Gearing Up For a Turnaround In FY16
- We believe share price and EPS have hit rock-bottom and expect a strong FY16 turnaround on a demand surge from new satellite launches, cross-selling of products and new generation items, and Skyware’s turnaround.
- Maintain BUY with a SGD0.40 TP (167% upside, 10x FY16F P/E) on insider purchases and orders resumptions from major clients.
- Currently valued at 1.9x ex-cash FY16F P/E, the stock has also been way oversold.
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