Time to buy into Global Testing Corp?

SINGAPORE (Nov 17): KGI is maintaining its “buy” recommendation on Global Testing Corporation, after the group’s earnings of US$3.2 million ($4.5 million) year to date achieved 78% of KGI’s full year forecasts.

Group revenue fell 9.6% to US$23.4 million for the nine month period to Sept, and achieved 77% of KGI’s full year estimates.

Renfred Tay, KGI’s analyst, noted that the group’s business outlook remains “insipid”, but continues to favour the company for its yield and low stock valuation.

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