Memtech, however, remains of the sector laggards.
SINGAPORE (April 25): UOB Kay Hian is initiating coverage on components solution provider Memtech International with a “buy” and a target price of $1.05.
“Companies operating in the precision engineering space experienced a sector re-rating over the last few months, driven by stronger 2H16 results and M&A interest,” says UOB analyst Nicholas Leow in a retail report on Tuesday.
