ips securex

IPS Securex Holdings said it is expected to report a net profit for the financial year ended June 30, a turnaround from an audited net loss for FY2019.

THE following companies saw new developments that may affect trading of their shares on Wednesday:

IPS Securex has grown from a single-product business to a company with a market capitalisation of about S$78m.

We see sales slowing in the months ahead due to the lunar seventh month and the elections, and the outlook for the domestic residential space remains fairly muted.

We initiate coverage of China Everbright Water (CEW) with a Buy.

WE initiate coverage on IPS Securex (IPS) with a S$1.26 target price representing an 86.7 per cent upside, thus we recommend a BUY. IPS is one of Singapore's leading providers of integrated security s...