Amtek

Amtek: Stabiliser Morgan Stanley Asia bought 8.3m shares from $0.99 - $1.05 y’day. Concurring with our previous comments, CIMB says Amtek seems expensive compared to players such as InnoTek. CIMB continues to prefer InnoTek for its better yield of 9% (Amtek est 4.3%) and lower P/B multiple of 0.65x (Amtek 4.1x), but notes traders may still be attracted to Amtek following the sharp decline in its share price