Following our coverage on our portfolio in our last two series, we experienced market volatility in view of the shortened trading week, massive ransonware attacks and continued Eurozone crisis. In spite of this, we see China's continued investment in Malaysia, China's stronger than expected Q2 GDP, overnight jump in major US-Indices (technology shares upward trajectory).
In this respect, we re-iterate our add call on Elsoft Research Berhad and Kronologi Asia Berhad, premised on stronger than expected margins compared to its peers, strong revenue upside potential, exposure to Internet of Things (IoT), and stronger automotive LED sales in Q2 2017.
We retain our target prices:
1. KRONO (Target price of RM0.71)
2. ELSOFT (Target price of RM3.15)
By using our Quick Analysis programme, we identify stocks with potential upside of between 20% to 50%
(Disclaimer: This is not a recommendation to buy or sell, all stocks featured are based on professional and judgemental calculations of professional analyst)
http://klse.i3investor.com/blogs/sectionanalyst/126366.jsp
