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Brokers' take
Published Mon, Jul 3, 2017 · 09:50 PM
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Jadason Enterprises Ltd | Add (Initiation) July 3 close: S$0.09 Target price: S$0.17 CIMB Research, June 30
JADASON has firmly returned to the black since Q3 2016. Key factors aiding the turnaround were right-sizing its workforce, improving productivity, higher use of automation and a large S$12.9 million impairment on its production equipment in FY 2015.
We believe Jadason is headed for a strong earnings recovery over 2017-18. T…
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