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Accumulate Memtech on share price weakness: CGS-CIMB

Samantha Chiew
Samantha Chiew • 3 min read
Accumulate Memtech on share price weakness: CGS-CIMB
SINGAPORE (June 26): CGS-CIMB Securities is reiterating its “add” recommendation on Memtech International with a target price of $1.47.
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SINGAPORE (June 26): CGS-CIMB Securities is reiterating its “add” recommendation on Memtech International with a target price of $1.47.

In a Monday report, analyst Ngoh Yi Sin says, “We recently met with Memtech and were reassured of its project pipeline.”

Recent equity buyback also reinforced the management’s confidence in the company’s prospects.

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