SINGAPORE (Dec 16): RHB is keeping its “buy” call on IPS Securex with a higher target price of 40 cents after winning its latest supply contract.

IPS Securex has secured an LOA worth $64.46 million ($90.8 million) for the sale of Hyperspike acoustic hailing devices and their supporting accessories.

The sale is to a certain government body in South-East Asia over a period of five years by Dec
2020.

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