"The successful SpaceX listing helps build the case for high space sector valuations in the US, which should be positive for Addvalue if it lists its IDRS business on Nasdaq," says Seet.
Jarick Seet of Maybank Securities has maintained his "buy" call and 34 cents target price on Addvalue Technologies, which is riding on the big new growth theme of space and communications.
He notes that Addvalue's share price has seen some pullback after SpaceX's mega listing in the US. Even so, Seet believes this is an "attractive opportunity" for investors to accumulate the stock.
