RHB is maintaining its buy call on Global Invacom Group with a target price of 25 cents.
This comes even after the satellite communications provider in Nov 2016 issued a profit warning for FY16 saying it expected to report a net loss for the financial year, mainly due to one-off shutdown expenses for the closure of Radiance Electronics (Shenzhen).
Due to the one-off cost involved, the research house has trimmed its FY17F net profit after tax (NPAT) forecasts by 7%, but maintain that it still anticipates significant y-o-y NPAT growth ahead.
Hot Stocks for Intra & Contra Day Trader in SGX Market
GLOBAL LOGISTIC
NOBLE
KEPPEL CORP
So Earn more trade on These Stocks . . . . . .
Today Recommendations :
MMFS SG INTRADAY SIGNAL: BUY NATURAL COOL AT 0.125 TARGET 0.130, 0.135 SL 0.119
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