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Brokers' take

Avi-Tech Electronics | Buy
Target price: S$0.59
Aug 21 close: S$0.47

RHB Research, Aug 21

Avi-Tech enjoyed a strong Q4 FY17, with net profit after tax surging 62 per cent year-on-year. A special dividend of SGD0.008 was also announced, bringing total FY17 dividend to SGD0.028, representing an attractive yield of 6 per cent. We came away from the briefing still positive on its long-term growth, which would likely come from electric cars and increased electronics in the automotive sector. We also think...

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