innotek

HOT STOCK

InnoTek jumps 36.4% to three-year-high closing price on Nvidia project wins

The counter ends Monday at S$0.75 after about 18.7 million shares change hands

InnoTek subsidiary Magix Mechatronics (Dongguan) has secured initial precision machining orders for components used in Nvidia products, with production of the components expected to commence in Q4 FY2025.

Mainboard-listed InnoTek approved as vendor for Nvidia, Shenzhen-listed IEIT Systems

The group has been proactively engaging new customers in AI-related fields over the last two years

InnoTek chairman Neal Chandaria says the AI-related business has grown rapidly to become a fourth major sector.
TOPLINE

InnoTek shifts gears to AI, EVs to capture industry changes

Already in China, Thailand and Vietnam, the company is mulling a move into Malaysia

The research team notes Innotek’s strong management team, led by chief executive Lou Yiliang, who has implemented “radical” restructuring initiatives to boost productivity and profitability. 

Brokers’ take: Lim & Tan positive on Innotek cash position, initiates ‘buy’

LIM & Tan Securities on Monday (Nov 28) initiated coverage on Innotek, a precision metal components manufacturer, with “buy” and a target price of S$0.60.

Wee Ee Cheong, chief executive officer, UOB.
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InnoTek is looking to leverage its "deep domain knowledge" in the automobile industry and has secured a steel stamping project with a "leading" electric vehicle battery producer.
STOCK ANALYSIS

InnoTek’s attempts to diversify undervalued by the market

PRECISION metal components manufacturer InnoTek has fallen on hard times. Its share price, buoyed last year by expectations that the company would be able to grow its sales to Chinese electric vehicle...

InnoTek poised to leverage China EV push: KGI

InnoTek poised to leverage China EV push: KGI

It raises target price on group to S$1.12, retains 'outperform' rating

Brokers' take: KGI raises target price for InnoTek on China EV push, 'promising' Q1 figures

Brokers' take: KGI raises target price for InnoTek on China EV push, 'promising' Q1 figures

KGI Securities has raised its target price for InnoTek Limited to S$1.12 from S$0.73 previously with an unchanged "outperform" rating, after hiking its valuation on the stock and rolling forward estim...

Brokers' take: UOBKH raises InnoTek target price on China's shift towards EVs

Brokers' take: UOBKH raises InnoTek target price on China's shift towards EVs

UOB Kay Hian (UOBKH) has raised its target price for InnoTek to S$1.20 from S$0.82 previously while maintaining its "buy" call.

Cybersecurity breach at InnoTek's China unit; Singapore networks unscathed

Cybersecurity breach at InnoTek's China unit; Singapore networks unscathed

A CHINESE subsidiary of precision metal parts maker InnoTek has suffered a cybersecurity breach, the mainboard-listed company said on Monday, adding that its information technology (IT) network in Sin...