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CGS-CIMB analysts William Tng and Caleb Pang have maintained their “add” rating on burn-in testing specialist Avi-Tech Electronics, and have raised their TP from 42.2 cents to 49.2 cents.
Burn-in testing specialist Avi-Tech is going places as it hitches a ride on rising demands for its services on the back of emerging technologies such as autonomous driving.
“We are bullish on the semiconductor sector for 2020 as globally, we have seen semicon players reporting good earnings thus far, [giving them] a good outlook,” says RHB analyst Jarick Seet.