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Brokers' take

IPS Securex Holdings | Buy

April 22 close: S$0.48

Target price: S$0.63

RHB Research, April 21

IPS officially commenced HS-Micro security products co-manufacturing in Singapore, with its main role to source for locally-produced encasing and/or shields, and product assembly . . . With IPS still expanding its range of products rapidly and going into co-manufacturing, we remain very bullish on this counter due to its unique position in the South-east Asia space. We continue to expect stellar results ahead...

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