Singapore Stock Market News

Trek's - Toy Story

StockFanatic
Publish date: Wed, 15 Oct 2014, 09:57 AM
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We initiate coverage on Trek with BUY and a SGD0.61 TP, based on a 16x FY15F P/E which results in a 49% upside. Trek has managed to boost its wireless Flucard sales on a big scale given its partnership with Mattel China. We expect orders to surge in FY15, which could lead to revenue and NPAT rising by 40% and 267% CAGRs from FY13 to FY16F. We believe this has been a long time coming for Trek, on top of positive drivers like consumer SSDs and its e-platform Cloud Stringers.
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