Beats

Memtech kept at 'add' on robust fundamentals, sector rally
SINGAPORE (Nov 13): CIMB says Memtech has had a turbo-charged 3Q17 with core net profit of US$4.2 million ($5.7 million) coming in above its expectations. 9M17 core net profit also formed 81% of the research house's full-year forecast. Memtech reported US$46 million in sales in 3Q17, flat y-o-y but up 22.4% q-o-q as 2H is seasonally stronger. See: Memtech's 3Q earnings up 26.5% to $5.3 ...
17 hot stock picks following a season of strong 2Q gains
SINGAPORE (Aug 17): UOB Kay Hian has upgraded its FTSE Straits Times Index (FSSTI) target forecasts up to 3,410 from 3,250 previously on “pockets of solid outperformances”  in the 2Q17 financial reporting season, which concluded this week.   In a Thursday report, analyst Andrew Chow recaps on what he calls an encouraging 2Q17 reporting season, which saw 28% of companies reporting ...
Solid Beats in 3Q earnings earn Memtech an upgrade
SINGAPORE (Nov 15): OCBC Investment Research is upgrading its call on Memtech International from “hold” to “buy” while raising its fair value from 48 cents to 76 cents, with the view that current price levels are looking attractive. The electronics components maker, which owns the brand ‘Beats by Dr. Dre’, last week posted US$3.1 million ($4.4 million) in earnings for the third ...
Memtech likely to move to the Beats in second half
SINGAPORE (Aug 18): OCBC Investment Research is keeping Memtech International on “hold” with a marginally lower fair value estimate of 48 cents, from 50 cents previously, following 2Q results that were below expectations. Memtech’s PATMI sank to a loss of US$1.4 million ($1.9 million) in 2Q, compared to earnings of US$1.5 million in the corresponding quarter last year. Revenue dropped ...