SINGAPORE (Aug 18): NRA Capital is keeping its “overweight” rating on Serial System with an unchanged fair value of 20 cents.
In a Thursday report, analyst Liu Jinshu says he is “encouraged” by the electronics components distributor’s return to profitability driven by a 22% jump in 2Q revenue from a year ago.
(See Serial System’s earnings plunge 31% in 2Q to US$3.3 mil)
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