To recap, Global Invacom reversed a US$0.7 million loss in 1Q16, to a US$0.6 million ($0.8 million) NPAT in 1Q17, driven by its US subsidiary that designs and manufactures antennas for broadband and satellite.
SINGAPORE (May 11): RHB is maintaining its “buy” call on Global Invacom with a 26 cents target price as the company bounces back to profitability in 1Q.
The turnaround was driven by its US subsidiary as well as sales of its next-generation satellite products.
