KUALA LUMPUR: OSK Research is maintaining its Underweight outlook on the TECHNOLOGY [] sector.
It said on Thursday, Oct 13, the reasons were the increasingly gloomy outlook on the industry supply and uncertainty in global demand, as well as the rise of close substitutes.
'There are no changes to our calls on JCY (Sell, FV: 31 sen) and Engtek (Buy, FV: RM2.50) for now, given the former's already conservative estimates while the latter's valuation is pegged to the take-over price tabled by its majority shareholder Datuk Teh Yong Koon,' it said.
OSK Research said it was downgrading its recommendation on Notion (Neutral, FV: RM1.55) from a BUY previously by attaching a lower FY12 PER of 5.5x given the current circumstances,' it said.
It said on Thursday, Oct 13, the reasons were the increasingly gloomy outlook on the industry supply and uncertainty in global demand, as well as the rise of close substitutes.
'There are no changes to our calls on JCY (Sell, FV: 31 sen) and Engtek (Buy, FV: RM2.50) for now, given the former's already conservative estimates while the latter's valuation is pegged to the take-over price tabled by its majority shareholder Datuk Teh Yong Koon,' it said.
OSK Research said it was downgrading its recommendation on Notion (Neutral, FV: RM1.55) from a BUY previously by attaching a lower FY12 PER of 5.5x given the current circumstances,' it said.
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