Tickrs initiates coverage on PC Partner with ‘buy’ call and $2.20 TP, FY2025 profit to ‘surge’ 72%

Analyst Jaimes Chao of Tickrs Financial has initiated coverage on Mainboard-listed PC Partner with a “buy” rating and target price of $2.20.

He writes in his Feb 6 report: “Our target is derived from a blended valuation of 11 times FY2025 price-to-earnings ratio (P/E) and six times FY2025 enterprise value (EV) earnings before interests, depreciation and amortisation (ebitda), reflecting PC Partner's enhanced strategic positioning as a de-risked play on the global graphics processing unit (GPU) supercycle.”