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OCBC recommended a buy with target of 17 cents. However, this stock is thinly/rarely traded. No interest shown in the market, wonder how the target price is going to achieve. May be easy to buy now but it will be difficult to get out later.
Business Description:
Tee International Limited. The Group's principal activities are carried out through five divisions: Rebuilding which involves retrofitting, upgrading, improving and converting existing buildings to other new uses; Security and Control which provides security control systems to new and existing buildings; Infrastructure which provides mechanical and electrical work relating to the expansion and improvement of infrastructure; New Building which provides mechanical and electrical engineering works relating to the provision of mechanical and electrical supply to the new building; Miscellaneous which provides engineering services and trading of aerospace parts. Other activity includes investment holding. Operations of the Group are carried out in Singapore, Malaysia and Thailand.
Exchanges: SIN
2005 Sales: 51,233,016
Currency: Singapore Dollars
Fiscal Year Ends: May
Share Type: Ordinary
Country: Singapore
Major Industry: Construction
Sub Industry: Engineering & Contracting Services
Employees: 198
Market Capitalization: 8,225,700
Total Shares Outstanding: 82,257,000
Closely Held Shares: 59,133,899
http://www.remisiers.org/research//TEE060728.pdf