Singapore Stock Market News

Amtek Engineering - Higher margins drive profitability

StockFanatic
Publish date: Fri, 13 Feb 2015, 04:49 PM
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■ 2Q15 net profit of US$11.3m (+74% y-o-y, +180% qo-q) beat our estimate of US$9m

■ Better than expected performance in automotive and telecommunications segments

■ Higher margins are likely to be sustained with better product mix while revenue momentum is intact going into 2H15.

Maintain BUY, TP raised to S$0.85
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