TREK 2000 INT'L LTD
5AB.SI
Trek 2000 - Ceasing Coverage
- We are ceasing coverage on Trek 2000 due to a change in investment thesis, internal resource reallocation, and low interest and trading liquidity of the stock.
- Our last call and TP were NEUTRAL and SGD0.31 respectively.
- We had previously expected a surge in earnings with its Rely/Mattel contract and new order wins from other customers.
- However, this did not pan out and its business outlook seems to have softened due to worsening macroeconomic conditions.
- It might also provide significant provisions for its inventory in the upcoming 4Q15 results.
Jarick Seet
RHB Invest
|
http://www.rhbinvest.com/
2016-03-03
RHB Invest
SGX Stock
Analyst Report
99999
Same
0.31
