Z-Obee

Z-Obee: announced a good set of 1QFYMar11 results last wk. Revenue jumped 84% to US$30.9m, and net profit surged 236% to US$2.0m. Yesterday, a HK broker gave a Buy call with target of HK$2.76 (~S$0.4 , citing strong expected shipment growth of its own-brand VIM handsets and netbooks. The company is also tipped as a beneficiary of the “Three Network Convergence” project, and is expected to win more orders from China Telecom to supply IPTV set-top boxes…

Polaris Securities recently said that Z-Obee’s TDR listing could be completed by 4Q10. Approval is still pending from the relevant authorities. If successful, this could provide a positive catalyst for the stock price, given that Z-Obee would become the first company in the greater China area to be listed in Singapore, Hong Kong and Taiwan at the same time.