UOB Kay Hian analyst John Cheong is upbeat on InnoTek’s prospects coming off its 1HFY2021 ended June results.

He has maintained his “buy” call for the counter with an unchanged target price of $1.20.

Cheong notes that InnoTek’s 1HFY2021 earnings of $7.2 million were in line with his estimates, meeting 41% of his full-year forecast.

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