Analyst: William TNG, CFA

PDS 2018 Report by CGS CIMB Analyst




  • Powermatic’s core business is manufacturing a wide range of wireless connectivity hardware such as wireless modules, embedded boards and antenna.
  • As the company is able to offer hardware and software design capabilities, it also enjoys higher gross margins than its peers without design capabilities.
  • At the current share price, we believe that investors are getting Powermatic’s growing wireless connectivity business for free.
  • We initiate with an Add call as we expect the company to continue benefiting from the growing connectivity of devices and the advent of 5G telecommunications network.

The full detailed article can be downloaded via PDF:










SIN PDS Initiation 5 Mar 2018.pdf