MTQ Corp

MTQ Corp: OSK maintains Buy, with TP $1.76. In MTQ’s results preview, house has high anticipation of good news. Expect net income to surge 40% to $6.6m, thanks to the contribution from Neptune. Since Neptune has net cash, is poised for robust growth and contributes at least $10m of cash annually, MTQ’s DCF value has risen to $3.26/share. Its 4.0x FY14F EV/EBITDA and 6.8x P/E continues to indicate deep, fundamental value.