Excerpts from analysts' reports
Phillip Securities Research ups target for Lantrovision to 72 cents
Analyst: Colin Tan
What is the news?
Phillip Securities Research ups target for Lantrovision to 72 cents
Analyst: Colin Tan
What is the news?
Lantro announced its full-year results on 20th August 14. Higher revenue was attributable to more installation projects in Malaysia, China and the Philippines, contributing to higher installation works revenue at S$116.8m for FY14 (FY13: S$100m).
Net profit for the quarter gained 30%y-y at S$3.1m while a full year net profit was > 50%y-y at S$13.9m.
Though no surprises of special dividends, final dividend was raised to 3 cents per share, implying at least a potential dividend yield of 4.7% at current price.
Net profit for the quarter gained 30%y-y at S$3.1m while a full year net profit was > 50%y-y at S$13.9m.
Though no surprises of special dividends, final dividend was raised to 3 cents per share, implying at least a potential dividend yield of 4.7% at current price.
Investment Action
We continue to be positive in our outlook for Lantro, in view of growing demand trend for data centres and quality structured cabling in Asia-Pacific region while remaining cautious on costs pressure that may arise from a tight labour market.
We revise our 12-month target price to S$0.720, implying 11.6% capital upside and 7.8x FY15F PE ex-cash from current price. We maintain our Accumulate rating.
Recent story: LANTROVISION -- cash rich; NAM CHEONG -- higher earnings forecast
Recent story: LANTROVISION -- cash rich; NAM CHEONG -- higher earnings forecast