Techcomp looks interesting.
1. Consistent track record of growing revenue and net profit at 20% CAGR since 2002;
2. Growth of manufacturing division (higher margins) to outstrip that of distribution in the next few years;
3. Acquistions to contribute positively in 2011 onwards;
4. Other growth initiatives such as its JV with SPSIC for the manufacture and distribution of analytical balance products in China. Expects to turn profitable in 2011;
5. Recent increase in stake from Kabouteur Mgmt LLC. It has increased its stake gradually since Apr 2008.
6. Cheap valuations vs peers
Drawbacks
1. Illiquidity - Ave 30D vol is about 129 lots only
2. Insufficient analyst coverage
Do pm me if u want to know more about Techcomp.
1. Consistent track record of growing revenue and net profit at 20% CAGR since 2002;
2. Growth of manufacturing division (higher margins) to outstrip that of distribution in the next few years;
3. Acquistions to contribute positively in 2011 onwards;
4. Other growth initiatives such as its JV with SPSIC for the manufacture and distribution of analytical balance products in China. Expects to turn profitable in 2011;
5. Recent increase in stake from Kabouteur Mgmt LLC. It has increased its stake gradually since Apr 2008.
6. Cheap valuations vs peers
Drawbacks
1. Illiquidity - Ave 30D vol is about 129 lots only
2. Insufficient analyst coverage
Do pm me if u want to know more about Techcomp.