Brokers' take
Tech Manufacturing | Overweight
CIMB Research, Nov 21
Electronics manufacturing services (EMS) opportunities have evolved from the traditional personal computer, printer, hard disk drive and mobile phone segments to the life sciences/medtech, 3D printing, virtual reality devices and automotive sectors. Frost & Sullivan estimates that the medical electronics manufacturing sector would be worth US$40 billion by the end of this decade. Venture Corporation's management had the strategic vision to realise early on that the way forward would be to pursue a higher-value sales mix and value-added manufacturing. Earnings growth in recent years has been driven by the life sciences/medtech and 3D printing areas. CEI Ltd has always focused on a high-value sales mix and low-to-moderate volume business. It started with Perkin Elmer as sole customer for analytical instruments but has since gained customers in life science/measuring instrument industries.
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