Z-obee: A key feature in The Edge this wk. Co aims to revamp business model and eye higher margin jobs. Recently moving into in-flight entertainment devices for Chinese domestic carriers. Co also working with a network systems integrator in China to come up with system for local authorities to track movtn of food inventories, and will continue to ride the trend for smartphones to serve both vertical and consumer mkts…..
At current price, valuation appears compelling, with grp trading at 7.3x FY11E P/E vs simple peers average of 17x and historical earnings of 13x.
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