Wednesday, October 29, 2014

Affin Hwang Capital Daily Insight (LV) - 29 October 2014 - GTRONIC


Top Calls

Results Note Globetronics (ADD, maintain)

- Another solid quarter

With strong and consistent earnings delivery and minimal execution risk, we think Globe
s premium valuation multiples are justified. This is coupled with strong growth prospects (3-year-forward CAGR of 24%) and a decent FY15E dividend yield of 6%.


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