Singapore Stock Market News
IPS Securex Holdings - Boom Town!
StockFanatic
Publish date: Tue, 14 Jul 2015, 03:11 PM
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AOT has outlined plans to complete expansion and development works across all of its six airports within the next two years. We expect IPS to participate in tenders for supplying TSA-certified machines in the baggage and cargo scanners space, which could be worth up to USD250m. Heightened regional political instability could substantiate the need for Pepperballs, which is a positive for IPS. Maintain BUY and SGD1.01 TP (15% upside).
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