Combinewill: Rev for Q2 was positive HK$436.9m +95.0% yoy and +15.6% qoq. Higher rev translated to gains in net profit at HK$31.9m +183.8% yoy +69.4% qoq. Margins were at 17.4% from 18.8% yoy. Growth came through 2 segments ODM/OEM and Machine sales both above 100% growth yoy. Sales improved in every region but most from US...
…B/S looks reasonable with gearing at 0.39x. EPS as of 1H10, was 15.46c, annualized, 2010 P/E is 5.9x, and historically trades at 3.91x. CIMB rates Buy at TP $0.50. Catalysts cited 1) Dual listing in Korea, 2) Sourced new customer for soap dispenser unit…
Stock is trading on an uptrend. Support at 0.295, currently technicals indicate overbought after rally of 6 days. Proposed consolidation of 10 to 1 shares in light for dual listing as well.
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