This semiconductor play is now ‘very attractive’ compared to peersJanuary 31, 2018 9:58 am
In a Tuesday report, analyst Jarick Seet says he remains positive on the group’s outlook as it should benefit from an increased demand for electronics in the automotive sector, as well as the Internet of Things (IoT).
Valuations for Avi-Tech are now “very attractive” when compared to its listed Malaysian peers following the stock’s recent share price correction, he adds.
“Going forward, we expect the positive momentum to continue into 2QFY18, with stronger NPAT growth due to continued strong demand from its customers for its services, as well as sustained strength in the semiconductor industry. We also expect Avi-Tech to continue rewarding shareholders with an interim dividend, as a result of its strong performance,” says Seet.
Avi-Tech’s earnings growth is forecast to remain stable at 10-15% y-o-y for FY18.
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