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RHB Research starts coverage on Datasonic, fair value RM10.51

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RHB Research starts coverage on Datasonic, fair value RM10.51 Empty RHB Research starts coverage on Datasonic, fair value RM10.51

Post by Cals Tue 12 Nov 2013, 09:47

RHB Research starts coverage on Datasonic, fair value RM10.51
Business & Markets 2013
Written by theedgemalaysia.com   
Tuesday, 12 November 2013 09:01
KUALA LUMPUR (Nov 12):  RHB Research has initiated coverage on Datasonic Group Bhd with a Buy rating and fair value of RM10.51, and said it expects the group to register core earnings of RM76.7 million-RM106.6 million from FY13F-15F, which implies a CAGR of 55.9% over FY12’s RM28.1 million.
“We like Datasonic’s: i) strong earnings growth trajectory, ii) committed management team, and iii) proven track record in implementing security-enhanced identification measures,” it said in a note Tuesday.
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