In a Tuesday non-rated report, analyst William Tng notes that the move, along with a change in management, has led to the return to positive net profit since 2Q16, with the company resuming payment of dividends in FY16.
SINGAPORE (Jan 10): CIMB Research is highlighting precision metal components manufacturer InnoTek as a potential stock to watch as the group’s financials improve on the back of restructuring efforts in recent years.
The group has been restructuring since FY12, during which it slipped into a net loss of $18.4 million due to a combination of lower revenue arising from political tensions between China and Japan, as well as the commencement of its restructuring and consolidating efforts.
