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Exposure to automotive sector and acquisitions by insiders keep Sunningdale Tech at 'buy'

PC Lee
PC Lee5/28/2018 03:15 PM GMT+08  • 3 min read
Exposure to automotive sector and acquisitions by insiders keep Sunningdale Tech at 'buy'
SINGAPORE (May 28): UOB KayHian says the correction of Sunningdale Tech is overdone and that the stock is trading at rock-bottom valuations with an attractive yield.
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SINGAPORE (May 28): UOB KayHian says the correction of Sunningdale Tech is overdone and that the stock is trading at rock-bottom valuations with an attractive yield.

After its 1Q18 results announcement, Sunningdale’s share price has retreated by more than 20%.

At $1.45, the stock is trading at 0.5 times 2018F P/B and 7.1 times 2018F P/E compared with other plastic injection moulders such as Memtech International which is trading at close to 1.1 times 2018F P/B and 11.0 times 2018F P/E respectively.

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