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GSS Energy kept at 'buy' with 19 cents target by RHB on bright prospects

PC Lee
PC Lee1/18/2019 12:19 PM GMT+08  • 2 min read
GSS Energy kept at 'buy' with 19 cents target by RHB on bright prospects
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.
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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.

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