He also notes several tailwinds for the company, including an expected increase in satellite launches in FY2026 to FY2030, a higher customer base — from four to five clients eight years ago to over 20 clients as of 2025, a surge in the pace and size of orders, as well as rising demand and investment in the space sector including for drone solutions.
Maybank Securities’ Jarick Seet has initiated coverage on Addvalue Technologies with a “buy” call and a target price of 12 cents. Seet’s target price represents an upside of 45% and is based on a blended FY2027/FY2028 P/E of 35 times.
“Addvalue Technologies is one of the rare profitable, high-margin, growth stocks in both the space and drone industries and a turnaround story,” says Seet in his Feb 19 report.
