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Restructuring efforts for this tech manufacturer coming to fruition

Michelle Zhu
Michelle Zhu1/10/2018 12:30 PM GMT+08  • 3 min read
Restructuring efforts for this tech manufacturer coming to fruition
SINGAPORE (Jan 10): CIMB Research is highlighting precision metal components manufacturer InnoTek as a potential stock to watch as the group’s financials improve on the back of restructuring efforts in recent years.
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SINGAPORE (Jan 10): CIMB Research is highlighting precision metal components manufacturer InnoTek as a potential stock to watch as the group’s financials improve on the back of restructuring efforts in recent years.

The group has been restructuring since FY12, during which it slipped into a net loss of $18.4 million due to a combination of lower revenue arising from political tensions between China and Japan, as well as the commencement of its restructuring and consolidating efforts.

In a Tuesday non-rated report, analyst William Tng notes that the move, along with a change in management, has led to the return to positive net profit since 2Q16, with the company resuming payment of dividends in FY16.

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