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Avi-Tech to gain from a new wave of disruptive technologies: RHB

Michelle Zhu
Michelle Zhu8/21/2017 11:6 AM GMT+08  • 2 min read
Avi-Tech to gain from a new wave of disruptive technologies: RHB
SINGAPORE (Aug 21): RHB Research is maintaining its “buy” call on Avi-Tech Electronics with a higher target price of 59 cents from 52 cents previously on expectations of positive long-term growth.
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SINGAPORE (Aug 21): RHB Research is maintaining its “buy” call on Avi-Tech Electronics with a higher target price of 59 cents from 52 cents previously on expectations of positive long-term growth.

This comes after the group last reported a strong 4Q17 and declared a special dividend of 0.8 cent, bringing its total FY17 dividend to 2.8 cents which represents a yield of around 6%.

In a Monday report, analyst Jarick Seet opines that Avi-Tech’s burn-in services segment is well-positioned to benefit from the rising sophistication of vehicles, and ultimately, the advent of driverless vehicles in the long-term.

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