Brokers' take

GSS Energy | Neutral (downgraded) May 14 close: S$0.082 Target price: S$0.08 RHB Research Institute, May 14

While revenue was maintained, margins narrowed to 16.1 per cent in Q1 2019 from 23.3 per cent in Q1 2018, mainly due to stiffer price competition, cost-down pressures from customers as well as changes in its product mix.

Going forward, margins should improve in subsequent quarters - albeit still lower than that of FY2018.