Home Capital Broker's Calls

This defence stock is bursting with star potential

Michelle Zhu
Michelle Zhu6/14/2017 11:25 AM GMT+08  • 2 min read
This defence stock is bursting with star potential
SINGAPORE (June 14): CIMB Securities likes Starburst Holdings, an engineering group specialising in the design and engineering of defence training facilities, as a “niche defence company with high entry barriers” – and foresees a sustained turnaroun
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 14): CIMB Securities likes Starburst Holdings, an engineering group specialising in the design and engineering of defence training facilities, as a “niche defence company with high entry barriers” – and foresees a sustained turnaround for the Catalist-listed company post its 1Q17 results.

In a non-rated report on Tuesday, analysts Ngoh Yi Sin and William Tng note the improvement shown in Starburst's 1Q17 core net profit and gross margin as well as its low net gearing ratio of 5.3% as at end-1Q.

They also highlight how the company has consistently rewarded shareholders with dividends in FY14-16, even during the loss-making years.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.