Investment Analyst from RHB predicts turnaround for Global Invacom in 2016
Jarick Seet, Investment Analyst from RHB, published a report predicting a turnaround for Global Invacom in FY16 with over 100% upside potential after a difficult first half 2015.
“We initiate coverage on Global Invacom (GInva), a manufacturer cum supplier of satellite TV and cable peripherals products with a SGD0.45 TP (implying a FY16F P/E of 9.8x), representing 105% upside potential return and recommend BUY. We like Ginva as it operates in a sector with high barriers to entry and also it owns the patents to its products. We think the current price level and EPS hit rock-bottom and expect a strong turnaround in FY16, due to at least 1) demand surge from new satellite launches 2) potential Skyware turnaround 3) cross-selling of products and 4) a new generation product.” (View full report)
The statement was confirmed again the turnaround in another report focussed on the acquisition of Skyware Global by Global Invacom. (View full report)