Friday, May 20, 2016

Memtech

Memtech (S$0.68) Electrifying growth opportunity from Tesla
-Memtech supplies 4-5 plastic parts/car to Tesla
-Tesla raised US$1.46b to finance expansion plans
-Tesla targets to increase yearly production 10x by 2018, hitting 500,000 cars annually
-Memtech trading at an attractive 9X FY16e P/E, offers 4.9% indicative dividend yield

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