SINGAPORE (May 22): NRA Capital has an “overweight” call on Serial System with a fair value estimate of 24 cents ahead of the proposed spin-off of the group’s Hong Kong and China electronic components distribution business to list on the Hong Kong Stock Exchange (HKSE).
The fair value implies an upside of nearly 45% from Serial System’s current trading price of 16.6 cents.
See: Serial System plans spinoff of Serial Microelectronics (HK) on Hong Kong bourse
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