Trek 2000 - Flucard Taking Off | I3investor

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Trek 2000 - Flucard Taking Off

StockFanatic

Publish date: Tue, 12 May 2015, 12:45 PM

Trek announced a solid 1Q15 with NPAT surging 521.6% YoY to USD0.7m, accompanied by 80% topline growth mainly driven by increased sales of Flucard and Wifi memory modules. Maintain BUY and SGD0.61 TP (16x FY15 P/E, 36% upside). With the USD50m Rely/Mattel deal secured previously coupled with potential contract wins from the automotive segment, we remain bullish on Trek's positive outlook.

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