PETALING JAYA: Datasonic Group BhdIn response to MIDF Analysis, world-class id (ID) safety applied sciences have the potential to overcome the rising digital id and safety house market.
The analysis home mentioned in a notice to shoppers that the group, which is a number one participant in manufacturing nationwide ID safety options, has a robust money place with near-non-existent leverage.
Additionally it is a key beneficiary of the complete reopening of borders.
In gentle of the constructive elements, the analysis home has opened protection of Datasonic with a purchase name for the inventory at a goal worth of 57 Sen.
The valuation is derived by pegging the Group’s estimated fiscal 2023 (FY23) core earnings per share of two.94 Sen to its five-year common price-to-earnings ratio of 19.5.
“We imagine the valuation is justified given the Group’s improved prospects, primarily attributable to…