SINGAPORE (Jan 18): RHB Research is maintaining GSS Energy at “buy” with 19 cents target on its bright prospects, driven by its twin growth engines.
In a Friday report, lead analyst Jarick Seet believes the group is close to securing an off-take deal for its gas, and the 4Q18 tech correction, especially on small-mid cap manufacturers like GSS, offers a good opportunity to accumulate.
GSS’s precision engineering (PE) segment registered healthy growth despite the ongoing US-China trade war. While sales are reported in US dollars, its main and expanding Batam factory, records costs in the depreciating Indonesian rupiah.
