They also highlight how the company has consistently rewarded shareholders with dividends in FY14-16, even during the loss-making years.
SINGAPORE (June 14): CIMB Securities likes Starburst Holdings, an engineering group specialising in the design and engineering of defence training facilities, as a “niche defence company with high entry barriers” – and foresees a sustained turnaround for the Catalist-listed company post its 1Q17 results.
In a non-rated report on Tuesday, analysts Ngoh Yi Sin and William Tng note the improvement shown in Starburst's 1Q17 core net profit and gross margin as well as its low net gearing ratio of 5.3% as at end-1Q.
