Maybank TV: interviews Gregory Yap, senior analyst at Maybank-KE, who shares further insights on his bullish outlook on Innovalues.
Overview:
Innovalues is riding on a strong structural uptrend led by demand for safer and more efficient vehicles, which supports the house top-line and bottom-line growth forecast of 20% and 46% for FY15 respectively.
Gross margin should expand led by higher production efficiencies, while the group is expected to see positive FX translation given that the bulk of its revenue is denominated in USD, which is expected to strengthen.
M&A’s could provide the group with another avenue to grow its operations and expand its market share.
The video can be accessed via the following link below:
https://www.youtube.com/watch?v=ZspJg28jJG0
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