InnoTek

InnoTek is currently trading at 6.3x 2021F PE (ex-cash PE of 2.5x), which is unjustified based on several factors: UOB analysts.

InnoTek is currently trading at 6.3x 2021F PE (ex-cash PE of 2.5x), which is unjustified based on several factors: UOB analysts.

CGS-CIMB Research has lowered their target price for Innotek to 47.8 cents from 57.9 cents due to a weak 1H20 for the company, but still maintained its “add” rating for the stock.

SINGAPORE (June 11): CGS-CIMB Research analyst William Tng has initiated coverage on mainboard-listed precision metal part maker Innotek with an “add” call and target price of 57.9 cents, representing an upside of 52.5% for the stock. 

SINGAPORE (Feb 28): Precision metal components manufacturer InnoTek announced earnings of $2.8 million for 4Q17, down 42% from $4.8 million in the same period a year ago on unrealised exchange losses and higher tax expense.

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.

SINGAPORE (Aug 12): InnoTek reported 2Q17 earnings of $0.5 million, $1.8 million lower than the earnings of $2.3 million in 2Q16.

SINGAPORE (Nov 14): Precision metal components manufacturer InnoTek has recorded earnings of $5.0 million in 3Q16, reversing out of a loss of $3.5 million in the same quarter last year.