Wednesday, June 5, 2013

Amtek Engineering

Amtek Engineering: Counter has been making new 52-wk lows recently. Post its below-estimates 3QFY13 results, brokers highlighted the lack of growth options, and the weak near-term outlook for the group. End-consumer demand remains weak in most of the group's segments. Management remained downbeat on the near-term outlook for end demand, but hope to offset it by winning new customers and improving cost efficiencies. Based on Bloomberg's consensus estimates, the 12-month TP is at $0.55, with 2 Buy, 3 Hold and 1 Sell.

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