KUALA LUMPUR: OSK Research is initiating coverage on SIGNATURE INTERNATIONAL BHD [] with a BUY recommendation and target price of RM1.18.
The research house said on Wednesday, Feb 16 the company's flagship brand name, Signature Kitchen, is widely known among Malaysian households as an interior fit-out (IFO) specialist.
As its brand name suggests, Signature International is an IFO player with a niche in kitchen systems. Emerging from a slow start in FY10, OSK Research believes Signature International's earnings will return to its previous peak in FY09 on a slew of IFO contract awards secured this year.
'We believe this high billings momentum will boost its FY12 IFO earnings while its retail division will continue to grow at single digit,' it said.
The research house said on Wednesday, Feb 16 the company's flagship brand name, Signature Kitchen, is widely known among Malaysian households as an interior fit-out (IFO) specialist.
As its brand name suggests, Signature International is an IFO player with a niche in kitchen systems. Emerging from a slow start in FY10, OSK Research believes Signature International's earnings will return to its previous peak in FY09 on a slew of IFO contract awards secured this year.
'We believe this high billings momentum will boost its FY12 IFO earnings while its retail division will continue to grow at single digit,' it said.
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