SAC Capital is initiating a “hold” recommendation on furniture ODM manufacturer and brand owner Koda with a target price of $1.002.

Established in 1972, Koda is an ODM manufacturer for well-known retail brands. ODM manufacturing accounts for 82% of its revenue. The manufactured products are sold to North America (67.4%), Europe (10.4%) and Asia (22.2%). Koda also owns the brand Commune for mid- to high-end market. The products are sold in 85 stores across Asia Pacific, with 88% of these in China.

See also: Furniture boom in US gets Koda a 'buy'

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