In a Monday report, analyst Jarick Seet opines that Avi-Tech’s burn-in services segment is well-positioned to benefit from the rising sophistication of vehicles, and ultimately, the advent of driverless vehicles in the long-term.
SINGAPORE (Aug 21): RHB Research is maintaining its “buy” call on Avi-Tech Electronics with a higher target price of 59 cents from 52 cents previously on expectations of positive long-term growth.
This comes after the group last reported a strong 4Q17 and declared a special dividend of 0.8 cent, bringing its total FY17 dividend to 2.8 cents which represents a yield of around 6%.
