CGS-CIMB analysts William Tng and Caleb Pang have maintained their “add” rating on burn-in testing specialist Avi-Tech Electronics, as they roll their valuation on the counter to FY21. The analysts have also raised their target price to 49.2 cents on the counter, up from their previous target price of 42.2 cents.

 

Tng and Pang, have, however, reduced their earnings per share (EPS) forecast for 21F and 22F by 0.04% and 0.02% respectively after the company reported a weaker than expected revenue figure and warned of a cautious outlook ahead. 

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