Avi-Tech Electronics

Fu Yu, Oxley and Avi-Tech are a few gems that investors can consider, says Jarick Seet, Head of small and mid caps at RHB.

Growth is expected to be driven by autonomous vehicles, which require almost twice the semiconductor content of conventional cars.

 

SINGAPORE (Sept 12): RHB is downgrading its call on Avi-Tech Electronics to “neutral” from “buy” previously with a lowered target price of 38 cents.

SINGAPORE (May 16): Avi-Tech Electronics reported 3Q18 earnings fell 58.7% to $0.64 million, compared to $1.55 million in 3Q17.

SINGAPORE (May 8): RHB Securities is downgrading Avi-Tech Electronics to “neutral” from “buy” after Taiwan Semiconductor Manufacturing Co trimmed its full-year revenue target due to softer demand for smartphones and uncertainty over crypto mining.

SINGAPORE (Feb 19): Avi-Tech Electronics on Feb 13 announced that its 2Q18 earnings fell 6.7% to $1.67 million, but 1H18 earnings was $3.38 million, 3.8% higher than $3.26 million a year ago.

SINGAPORE (Jan 30): RHB is maintaining its “buy” call on Avi-Tech Electronics with a target price of 59 cents, which implies 12 times FY18 earnings and 4.6% dividend yield.

SINGAPORE (Jan 10): CIMB Research says the rise of autonomous vehicles and Internet of Things (IoT) will provide Avi-Tech Electronics with potential new earnings growth drivers.

SINGAPORE (Nov 14): RHB is maintaining its “buy” call on Avi-Tech Electronics with a target price of 59 cents.