According to DBS, Cheung Woh (“CW”) has turned profitable from losses of S$1.5m in FY13 to net profit of S$12.6m in FY15. DBS also wrote that CW has at least one new HDD component pending introduction to the market in 2016. DBS also cited CW’s valuations are attractive at 6% dividend yield and 5x FY15 PE based on the premise that CW can sustain its earnings.

For more info on CW, pls refer to my earlier writeup here.

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