Memtech kept at 'add' on robust fundamentals, sector rally
PC Lee • • 2 min read
SINGAPORE (Nov 13): CIMB says Memtech has had a turbo-charged 3Q17 with core net profit of US$4.2 million ($5.7 million) coming in above its expectations. 9M17 core net profit also formed 81% of the research house's full-year forecast.
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SINGAPORE (Nov 13): CIMB says Memtech has had a turbo-charged 3Q17 with core net profit of US$4.2 million ($5.7 million) coming in above its expectations. 9M17 core net profit also formed 81% of the research house's full-year forecast.
Memtech reported US$46 million in sales in 3Q17, flat y-o-y but up 22.4% q-o-q as 2H is seasonally stronger.
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