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China’s car sales boost is positive for Memtech

Broker's Calls

China’s car sales boost is positive for Memtech

Michelle Zhu Published on Tue, Sep 13, 2016 / 12:37 PM GMT+8

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SINGAPORE (Sept 13): OCBC Investment Research is maintaining its “hold” call on Memtech International with an unchanged fair value estimate of 48 cents.

Memtech is a components solutions provider for the mobile phone, IT equipment and automotive industries.

Although Memtech’s automobile segment stands to see revenue upside from higher China passenger car sales, its consumer electronics and telecommunications segments faces challenges.

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