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IPS Securex Holdings | Buy

July 14 close: S$0.91

Target price: S$1.01

RHB Research, July 14

AIRPORTS of Thailand has outlined plans to complete expansion and development works across all of its six airports within the next two years. We expect IPS Securex (IPS) to participate in tenders for supplying the US Transportation Security Administration (TSA)-certified machines in the baggage and cargo scanners space, which may potentially be worth up to US$250 million. Typically, one machine may cost US$5-10...

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