IPS Securex Holdings - RHB Invest 2015-12-02: Ready To Blast Off In FY16
IPS SECUREX HOLDINGS LIMITED 41E.SI IPS Securex Holdings (IPSS SP) - Ready To Blast Off In FY16
- As political instability grows around the region, ongoing disputes in certain countries and increasing national security concerns have led to higher government defence budgets around the region. This puts IPS at an advantage to benefit from this situation.
- With such a bright outlook ahead due to additional potential incoming contracts, coupled with a potential special dividend in FY16F, we maintain BUY, with a SGD0.38 TP (23% upside) based on 7.2x FY16 P/E.
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