Trek 2000 - RHB Invest 2016-03-03: Ceasing Coverage

Trek 2000 - RHB Invest 2016-03-03: Ceasing Coverage 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 CEASE MAINTAIN NEUTRAL 99999 Same 0.31


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