The Edge: PDS powering ahead as CIMB starts stock at ‘add’

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Written by PC Lee

 

 

 

Summary:
SINGAPORE (Mar 6): Shares in Powermatic Data Systems are up 14 cents or 10.1% at $1.53 as at 11.23am with 52,800 shares changing hands.

This comes after CIMB started coverage of Powermatic with an “add” and a target price of $2.58 or 12.8 times FY19 earnings, based on sum-of-parts valuation.

In a Monday report, analyst William Tng says Powermatic, whose core business is wireless connectivity, is plugged into the growth potential of 5G telco networks and the rising Internet of Things (IoT) trend.

Full article:
https://www.theedgesingapore.com/powermatic-data-powering-ahead-cimb-starts-stock-add

PDS: Surges on CGS-CIMB initiation report

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Analyst: William Tng, CFA

PDS: Surges on CGS-CIMB initiation report by CGS CIMB Analyst

 

 

Summary:
Powermatic Data Systems, since CGS-CIMB’s initiation report yesterday (6 March), has leapt dramatically from $1.39 to close at $2.00, and made it to as high as $2.64 this morning. The stock’s undervaluation and niche strength have long been talked about by some value investors. NextInsight has a number of articles on that too (see links at the bottom of this page), with the most recent (Nov 2017) being POWERMATIC DATA SYSTEMS: And the deep value continues to grow

Excerpts from CGS-CIMB report

Full article:
https://www.nextinsight.net/story-archive-mainmenu-60/940-2018/12068-powermatic-data-systems-surges-on-cgs-cimb-initiation-report

CGS-CIMB Analyst Report on PDS

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Analyst: William TNG, CFA

PDS 2018 Report by CGS CIMB Analyst

 

 

Summary:

  • 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