KUALA LUMPUR: OSK Research is maintaining its NEUTRAL recommendation on'' Notion VTec with at an unchanged Fair Value of RM1.85.
It said on Wednesday, March 23 that Notion announced that it has secured new production orders from Nikon for camera body mounts with immediate effect.
'The new business is expected to contribute between RM36m-RM60m in revenue p.a. Nonetheless, we are maintaining our forecasts for now as we expect the new income stream to be mitigated by an expected slowdown in orders for Notion's core cam barrel operation also for Nikon which have been impacted by the Sendai earthquake.
'Maintain NEUTRAL at an unchanged Fair Value of RM1.85,' it said.
It said on Wednesday, March 23 that Notion announced that it has secured new production orders from Nikon for camera body mounts with immediate effect.
'The new business is expected to contribute between RM36m-RM60m in revenue p.a. Nonetheless, we are maintaining our forecasts for now as we expect the new income stream to be mitigated by an expected slowdown in orders for Notion's core cam barrel operation also for Nikon which have been impacted by the Sendai earthquake.
'Maintain NEUTRAL at an unchanged Fair Value of RM1.85,' it said.
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