Post Reply
1-20 of 21
Karin Technology Holdings Limited announced on Monday that it has received the distributorship of Motorola Solutions’ wireless network solutions in Hong Kong.
http://sgsharemarket.com/home/2011/07/singapore-company-highlights-05072011/?=KarinTech
Karin Technology: On track to deliver another year of growth
Summary: Karin Technology has continued to enhance its product portfolio by securing new distributorship agreements with leading information technology vendors. We view these developments positively, as these add-ons are likely to provide diversity for product offerings and greater upsell opportunities for its channel partners. Going forward, we are also positive on its business prospects. While the semiconductor industry growth is expected to moderate in 2011 after a torrid year, we believe there are still a lot of potential in the electronics sector. In the IT infrastructure segment, we also anticipate Karin to outpace the market growth, given that emerging economies and Asia Pacific region are expected to continue to be the key driver for IT spending. We maintain our BUY rating and S$0.28 fair value on Karin, still based on 8x FY11F EPS. (Kevin Tan)
/ocbc ir/
i read i post //
Karin Technology: On track to deliver another year of growth
Summary: Karin Technology has continued to enhance its product portfolio by securing new distributorship agreements with leading information technology vendors. We view these developments positively, as these add-ons are likely to provide diversity for product offerings and greater upsell opportunities for its channel partners. Going forward, we are also positive on its business prospects. While the semiconductor industry growth is expected to moderate in 2011 after a torrid year, we believe there are still a lot of potential in the electronics sector. In the IT infrastructure segment, we also anticipate Karin to outpace the market growth, given that emerging economies and Asia Pacific region are expected to continue to be the key driver for IT spending. We maintain our BUY rating and S$0.28 fair value on Karin, still based on 8x FY11F EPS. (Kevin Tan)
/ocbc IR -- i came i read i posted FYI only.
Report from CIMB.
Karin is raising stakes in RFID sector. Karin had also raised its stake in its associate company Karltec Information System. This is a boost to the burgeoning China IT infrastructure segment. BUY rating and fair value estimate of $0.38, based on 7x blended FY08/09 PER.
While anticipating a challenging year in 2008, the management expects Karin to continue to achieve a steady business growth and better performance. Inflation’s impact on operating expenses and a possible rising account receivable will continue to be a concern, but we believe Karin’s extensive range of products and recent investments should put it in good stead to reap synergistic benefits. With Karin set to meet its internal target of double-digit growth in both revenue and net profit for FY08, we again maintain our
iOCBC targets $0.315!!!!!!!this morning. CHEONG AH!!!!!!!
Expecting strong 2H07 performance
FY07 ended 30 June on a very high note, following a strong 35% YoY jump
in turnover in the traditionally slower Jan - Mar quarter. We met up with
management for an update and we were told that April was a record month
for Karin and the strong growth has continued into May. Again, the robust
growth in 4Q07 was due to the deepening of its operations in the electronics
components/IT business. Based on our FY07 forecasts, we think Karin
should trump our 2H07 numbers of HK$574.6m sales and HK$16.1m net
profit fairly easily.
. Karin Technology is likely to endStrong growth likely to continue.
showing, we believe that Karin has built a solid foundation to sustain its
impressive track record, and this will show up even more in its FY08
performance. In particular, we are pleased to see that the initiatives, like
the restructuring of its IC Application and Design (ICAD) division, that Karin
has undertaken over the past year or so are starting to bear fruits. Like we
mentioned earlier, it has also deepened its components distribution business
and one area that Karin is seriously considering is the automotive industry
in China. While the bulk of that move would come in FY09, we see it as
another engine to drive Karin to the next level.
On top of the likely robust FY07Room for upward revision.
Karin would also be focusing a lot on maintaining its margins (net at 3% or
better). Compared to its peers, Karin commands one of the highest margins
around, and this is mainly due to its continued efforts to improve efficiency
to drive operating costs lower. We are keeping our FY07 estimates (Karin
will be releasing its FY07 results around end August), and depending on
how well Karin outperforms our estimates, we would be revising up our
FY08 estimates accordingly.
Going forward, besides just growing top line,Karin remains a BUY.
rising from S$0.21 to hit an all-time high of S$0.285, or up nearly 36%.
With prices back around current levels, we see an upside of 31% from
here to our fair value of S$0.315, which is still based on 8x blended FY07/
08 PER. Coupled with an expected 7.1% dividend yield, Karin remains a
The stock has done very well since our last report,BUY
for usSqueeze broke today.
Good luck.
iOCBC targets $0.315!!!CHEONG AH!!!
Keeps BUY, S$0.315 fair value.
Karin's progress in this area. Our fair value of S$0.315 (based on 8x blended
FY07/FY08F EPS) still offers a potential upside 50% from here, and with a
likely dividend yield of 8.1% for FY07, we maintain our
For now, we will continue to monitorBUY rating.It has set up a new subsidiary in Radio Frequency Identification.