Brokers' take
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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. This is likely to be driven by new orders from its customers, in particular, customer A (which cannot be named due to non-disclosure agreements).
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
