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Revisions

Made in China phones to drive Serial System’s growth

Broker's Calls

Made in China phones to drive Serial System’s growth

Michelle Zhu Published on Thu, Aug 18, 2016 / 10:50 AM GMT+8

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A+

SINGAPORE (Aug 18): NRA Capital is keeping its “overweight” rating on Serial System with an unchanged fair value of 20 cents.

In a Thursday report, analyst Liu Jinshu says he is “encouraged” by the electronics components distributor’s return to profitability driven by a 22% jump in 2Q revenue from a year ago.

(See Serial System’s earnings plunge 31% in 2Q to US$3.3 mil)