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Serial System on steady growth track, but not without potential risks

Michelle Zhu
Michelle Zhu3/23/2017 11:28 AM GMT+08  • 2 min read
Serial System on steady growth track, but not without potential risks
SINGAPORE (March 23): NRA Capital is maintaining its “overweight” rating on Serial System, the distributor of electronics components and consumer products, at a fair value estimate of 24 cents following its recent share price run-up since the research
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SINGAPORE (March 23): NRA Capital is maintaining its “overweight” rating on Serial System, the distributor of electronics components and consumer products, at a fair value estimate of 24 cents following its recent share price run-up since the research house’s last update on the counter.

In a Thursday report, analyst Liu Jinshu notes improved gross margins and sustained semiconductor prices since 2H16 into the current quarter. As such, he foresees the group enjoying a “strong rebound in profitability in 2017”, and forecasts a PATMI of US$13.5 million ($18.9 million) for the year.

(See also: Serial System’s 4Q earnings quadruple to $5.7 mil on one-off gain and higher income)

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