SINGAPORE (Nov 12): KGI Fraser is maintaining its “buy” rating on Memtech on stronger 3Q results.  

In a Thursday report, analyst Renfred Tay says Memtech has been busy courting new customers, even when many of their existing projects for automotive customers are still at the early stage of their product cycle.

Over the past few months, Memtech has won new customers such as Beats by Dr. Dre for components meant for a next generation headphone product that should launch in the first half of next year.

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