Singapore Stock Market News

Trek 2000 - Trekking Ahead

StockFanatic
Publish date: Fri, 27 Feb 2015, 09:16 PM
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Trek announced stellar FY14 results in line with our estimates, with NPAT surging 137.8% to USD3.1m, while its topline grew 52.8% to USD112.9m, driven by increased demand for sales of FluCard® and WiFi memory modules.

Maintain BUY with a SGD0.61 TP (77% upside). In addition, a dividend of SGD0.5 cents/share was announced. Going forward, we remain bullish on Trek as the full impact of its Rely/Mattel deal supplying wireless Flu-card modules will be recognised in FY15.
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