Leow further forecasting 2.5 cents in dividends for FY18 on stable to positive outlook for Nam Lee.
SINGAPORE (Nov 29): Phillip Capital is maintaining its “buy” on Nam Lee Pressed Metal Industries with a higher target price of 56 cents, saying the designer, manufacturer and supplier of metal products is an attractive yield play.
In a Wednesday report, analyst Richard Leow notes that Nam Lee’s FY17 total dividends of 2 cents met expectations, giving it a yield of 5%.
