Elec & Eltek

Elec & Eltek: Suspension Thai ops in Pathumthani and Ayutthaya due to floods. The production facilities contributed approx 11% of co's rev, however co intends to shift production to other facilities to China and expects minimal interruption. Co also has comprehensive insurance coverage including loss of profits. Co will make a further announcement if material impact from the floods are anticipated. Co trades at fwd P/E of 8.1x.