Hisaka

Hisaka: +2.6% at $0.39 on strong volume. Sias maintains Buy, raises target to $0.52 from $0.44. Notes previous forecast for automations provider too conservative, after the US semiconductor eqpt industry reported 63% hoh growth over Apr-Sep ’10. Ups FYSep10E revenue, net profit by 7.5%, 9.1% to $78.6m, $8.7m respectively, as still optimistic of company’s prospects. Sees value in stock which trades at 7.5x FY10E P/E. Says TDR listing as catalyst for share price rerating.