Efficient E-Solutions

Efficient E-Solutions

Postby winston » Sat Sep 27, 2014 11:42 am

not vested

Buy Efficient E-Solutions: HwangDBS
Aug 16, 2013

KUALA LUMPUR: HwangDBS Vickers is calling a Trading Buy on business process outsourcing company Efficient E-Solutions with the target price set respectively at 17 sen.

The stocks 13 sen yesterday.

HwangDBS says Efficient E-Solutions is poised to stage a rebound as investors hunt for fundamentally strong small-cap companies.

“The group – which provides business process outsourcing (BPO) services – could see a gradual earnings recovery after being hit by tough industry developments last year.

An added appeal is its cash and cash equivalents backing of 7.4 sen per share, which constitutes more than half of its existing share price,” it explains.

Also, future development includes a potential tie-ups with its major shareholder Singapore Post (holding a 20.8% equity interest).

“From a technical perspective, the stock – after plunging from RM0.245 in Jul 2011 to a trough of RM0.12 in May this year – is due for a technical rebound soon.

Its share price will probably advance to challenge our targeted resistance thresholds of RM0.17 (immediate) and RM0.20 (next), offering potential upsides of 31% and 54%, respectively. Trading Buy,” HwangDBS says.

Source: Th Star
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