SINGAPORE (Nov 22): CIMB is maintaining its “overweight” on the Electronics Manufacturing Services (EMS) industry, given the sector isn’t what it used to be as new opportunities in life sciences, medical tech and 3D printing have emerged.
Consulting firm New Venture Research Corp forecasts that modern EMS industry revenue will continue to expand at a five-year CAGR of about 6.2% from US$430 billion ($613 billion) in 2015 to US$580 billion in 2020.
In a Tuesday report, analyst William Tng says once there were about 16 EMS companies listed on the SGX, today there are only four. Among them, Tng likes Venture Corp and CEI, recommending investors “add” them to their portfolio with target prices of $10.94 and $1.04 cents respectively.
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)
