Analysts from CGS-CIMB and SAC Capital have both maintained their “buy” calls on GKE Corp after a “good FY2021”. 

SAC Capital’s Tracy Lim has raised her target price from 16.3 cents to 17.1 cents, while CGS- CIMB’s Ong Kang Chuen and Kenneth Tan maintained their target price of 21 cents. 

GKE reported a record FY2021 ended 31 May, with net profit surging 145% y-o-y to hit $11.5 million. Dividend payout was reinstated for the first time since FY2016, at a distribution per share of 0.4 cents per share. This was higher than estimates from Tan and Ong , which forecasted a payout of 0.28 cents. 

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