MTQ

MTQ: DMG recalibrates TP to $1.35, taking into account the ex-bonus (1-for-4). The house sees this as an initial step towards improving liquidity in the stock, which is one of its top picks in the oil & gas sector. Expects compression of the stock’s liquidity premium to result in better valuations over the medium term. DMG reiterates its Buy recommendation for its strong growth profile at value multiples. Recommends investors take the scrip dividend in lieu of the final 2 ct cash dividend, as it would likely come at a 10% discount to the market price.