Singapore Stock Market News

Global Testing - Bags Full Of Cash

StockFanatic
Publish date: Tue, 11 Nov 2014, 11:05 AM
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Global Testing announced favourable results with 3Q14 NPAT rising 35.4% YoY to USD1.1m. 9M14 NPAT surged 264.7% YoY to USD2m from USD0.55m, making up 77% of our full-year estimate, well in line.

Maintain BUY and SGD0.165 TP, backed by:
i) the ongoing turnaround of its main customer TSMC,

ii) its net cash position of SGD0.06/share,

iii) continued share buybacks, and

iv) lower depreciation expenses.
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