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MTQ - High Anticipation of Good News

kiasutrader
Publish date: Mon, 22 Jul 2013, 10:26 AM
MTQ - High Anticipation of Good News. As MTQ will announce its results next week, we offer a preview of what might be coming. We expect net income to surge 40% to SGD6.6m, thanks to the contribution from Neptune. Since Neptune has net cash, is poised for robust growth and contributes at least SGD10m of cash annually, MTQ's DCF value has risen to SGD3.26/share. Its 4.0x FY14F EV/EBITDA and 6.8x P/E continue to indicate deep, fundamental value. (OSK-DMG)
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