Trek 2000 - Back On Trek! | I3investor

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Trek 2000 - Back On Trek!

StockFanatic

Publish date: Mon, 10 Nov 2014, 02:34 PM

Trek's 3Q14 revenue surged 119% YoY to USD35.6m from USD16.3m while its NPAT jumped 144.5% YoY to USD0.76m, driven partially by increased sales to a number of new MNC customers, as well as its toy deal with Rely/Mattel which commenced in 3Q14. 9M14 NPAT to shareholders of SGD1.7m made up 81% of our estimate, well on track.

We expect its wireless Flucard orders from Rely/Mattel to surge, especially in FY15. Maintain BUY and SGD0.61 TP (56% upside).

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