"We expect to see a rapid growth phase in the next few years following an inflection point in FY2025. We believe Addvalue is one of the rare Asian space/drone plays in rapid growth mode," he adds. Just recently, the company announced it is working to unlock the market value of its Inter-Satellite Data Relay System (IDRS) business in the US.
Jarick Seet of Maybank Securities has maintained his bullish "buy" call and 12 cents target price for now on Addvalue Technologies.
"Addvalue is benefiting from two of the sexiest and high-growth themes besides AI – drones and space," says Seet in his March 20 note.
