It serves the law enforcement, military and security agencies as well as civil authorities in Southeast Asia and the Middle East.
UOB Kay Hian has initiated coverage of Starburst Holdings on its strong turnaround as a niche defence company. In a Nov 5 note, UOB Kay Hian analysts Llelleythan Tan and John Cheong recommend ‘buy’ on the Singapore-headquartered company, with a target price of 61 cents.
Starburst Holdings, which is headquartered in Singapore, is an engineering company that specialises in the design and engineering of firearms-training facilities and the design, fabrication, installation and maintenance of anti-ricochet ballistic protection systems for firearms shooting ranges and tactical training mock-ups.
