Excerpts from analysts' reports on NeraTel
RHB Research says 'buy', target price 80 cents
Analyst: Jarick Seet
Despite dismal results due to forex loss, we are more optimistic, as:
1. Telecom and Network Infrastructure business revenue fared better, up 19.3% and 10.1% YoY in 1H16 respectively;
2. Underperforming POS business is to be sold off;
3. We expect a special dividend of at least SGD0.16 by end-September. Total dividend yield will likely shoot up to 26%, with its recurring 2 cents dividend.
We think current price levels are very attractive; maintain TRADING BUY from a DCF-backed TP of SGD0.80 (19% upside).
Full report here.
|♦ UOB Kayhian says 'buy', tp $.835|
Analyst: Edison Chen
Maintain BUY and SOTP-based target price of S$0.835. We believe the poor 2Q16 headline results should create some price weakness for the stock.