Mencast

Mencast: OSKDMG initiates coverage with Buy Call and TP $0.74. House note that the counter is well on the path of sustainable high growth and healthy cash flow. The stock’s valuations are undemanding at 8.3x/6.6x FY14/15F P/Es for 44%/25% core earnings growth. Having delivered an earnings CAGR of 21% over the last 5 years, the company is targeting for similar growth through 2020. With its strong cash generation ability, the company remains on an acquisition spree.