(See also: Serial System’s 4Q earnings quadruple to $5.7 mil on one-off gain and higher income)
SINGAPORE (March 23): NRA Capital is maintaining its “overweight” rating on Serial System, the distributor of electronics components and consumer products, at a fair value estimate of 24 cents following its recent share price run-up since the research house’s last update on the counter.
In a Thursday report, analyst Liu Jinshu notes improved gross margins and sustained semiconductor prices since 2H16 into the current quarter. As such, he foresees the group enjoying a “strong rebound in profitability in 2017”, and forecasts a PATMI of US$13.5 million ($18.9 million) for the year.
