UOB Kay Hian is adding GHY Culture and Media (GHY), as well as Innotek to its Alpha Picks portfolio, after both companies reported “strong outperformances” in Jan 2021.  In a Feb 9 note, the brokerage said the portfolio rose 5.7% m-o-m in January vs the Straits Times Index’s (STI or FSSTI...

THE following companies saw new developments that may affect trading of their securities on Tuesday.

A CHINESE subsidiary of precision metal parts maker InnoTek has suffered a cybersecurity breach, the mainboard-listed company said on Monday, adding that its information technology (IT) network in Singapore has not been compromised.

A CHINESE subsidiary of precision metal part maker InnoTek has suffered a cyber security breach, the mainboard-listed company said on Monday, adding that its information technology (IT) network in Singapore has not been compromised.

KGI Securities has initiated InnoTek at “outperform” with a target price of 73 cents based on the company’s 0.5x EV/EBITDA, a slight discount to its fellow SGX-listed manufacturing service companies. KGI analyst Kenny Tan believe that the company will enjoy a stable outlook that is supported b...

Mansfield (Thailand), a subsidiary of Mansfield Manufacturing Company Limited, which is, in turn, a subsidiary of InnoTek Limited, has increased the capital from 70 million baht ($3.1 million) to 110 million baht on Jan 11. The increment was made in the form of conversion of part of the outstanding ...

CGS-CIMB analyst William Tng says he is “positive” on the outlook for the tech sector in 2021. This, he says, is due to the acceleration of digitalisation of many work processes during the Covid-19 pandemic, which has led to higher demand for IT-related infrastructure. “At the same time, there...

UOB Kay Hian analyst John Cheong and the Singapore research team have highlighted BRC Asia, Food Empire, Frencken and InnoTek as its top buy picks among the small-mid cap sector. He has given all three “buy” calls with target prices of $1.88, 88 cents and 82 cents respectively. The brokerage has...

UOB Kay Hian analysts Llelleythan Tan and John Cheong have initiated coverage on InnoTek with a “buy” call and price-to-earnings (PE) based target price of 82 cents, representing a 54.5% upside on its last-traded share price of 53.5 cents. The Mainboard-listed precision metal parts manufacturer,...

CGS-CIMB Research analysts William Tng and Caleb Pang have lowered their target price for Innotek to 47.8 cents from 57.9 cents previously due to a weak 1H20 for the company, but still maintained its “add” rating for the stock.  On August 13, the mainboard-listed metal precision part maker ...