OSK Research is maintaining its Neutral call on Notion VTec for now with an unchanged target price of RM1.85 at 7.0 times FY11 PER after Nikon Corp said four of its production plants in Japan were closed.
Reuters reported on Thursday, March 17 the facilities included two out of its precision equipment plants, but the effect on cameras and lenses is seen as minor, since almost all output for those devices is done in Thailand.
Nikon does not have a timetable to re-open the plants.
OSK Research said it was maintaining its NEUTRAL call for now at an unchanged TP of RM1.85 at 7x FY11 PER pending more affirmative signals from Nikon as the magnitude of damage to its core facilities and the restoration timeline are currently uncertain.
Reuters reported on Thursday, March 17 the facilities included two out of its precision equipment plants, but the effect on cameras and lenses is seen as minor, since almost all output for those devices is done in Thailand.
Nikon does not have a timetable to re-open the plants.
OSK Research said it was maintaining its NEUTRAL call for now at an unchanged TP of RM1.85 at 7x FY11 PER pending more affirmative signals from Nikon as the magnitude of damage to its core facilities and the restoration timeline are currently uncertain.
No comments:
Post a Comment