Trek 2000: RHB maintains Buy but lowered TP by 15% to $0.52, and expects a stronger 2H15 with increased contribution from the USD50m Rely/Mattel deal.
House continues to think that Trek could also be considered as a potentially favourable acquisition target by its larger peers due to its database of valuable patents.
In addition, Trek traditionally performs much better in the latter part of the year.
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