SINGAPORE (Aug 16): KGI is maintaining its “buy” call for Global Testing Corporation (GTC) with a target price of $1.77.
While growth outlook appears unexciting, KGI believes that the group is still an attractive investment given its yield and low stock valuation.
KGI analyst Renfred Tay notes that the group has a good track record of paying out dividends, having returned 20 cents per share this year and $1.50 per share last year. It had also been consistently buying back shares.
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)