“The development of a 5G mobile network in China should provide further business opportunities for Jadason. In the equipment distribution business, the company expects the environment to remain challenging as PCB manufacturers are still cautious in terms of capital expenditure,” says Tng.
SINGAPORE (Mar 7): CIMB is maintaining its “add” call on Jadason Enterprises with a lower target price of 8 cents from 11 cents previously.
In a Tuesday report, analyst William Tng notes that while the group’s 4Q and FY17 results came in below the research house’s expectations, demand for printed circuit board (PCB) drilling remained robust over the past fiscal year with the group anticipating strong demand from its customers in FY18.
