As it is, the M&A fever in the precision engineering space is humming along fine. On April 5, Fisher Tech announced it had received a non-binding expression of interest from a third party, relating to a possible transaction involving the shares of the company.
SINGAPORE (April 7): UOB KayHian is keeping Sunningdale on “hold”, recommending investors enter Sunningdale at $1.65 with a target price of $1.83 in mind.
This comes as the stock has returned 29% since UOB’s initiation report in early March and recent insider transactions suggest that a potential privatisation might not be imminent.
