GEX [BUY +34.9%] - Strong GEE/VGC Core Earnings, Residential Land Bank Buildup - Update
Our higher valuation is mainly due to(1) a +18% electrical equipment valuation (+13% for GEE’s NPAT-MI projection and higher target P/E)...
96 Views
GEX [BUY +26.7%] - Expanding into Residential RE, Scaling up Core IP Business - Update
We raise our target price (TP) for GEX by 3.3% and upgrade our rating from MARKET PERFORM to BUY as its share price has decreased 28% over the past...
190 Views
GELEX Group (GEX) - GEE, VGC’s Strong Earnings to Boost GEX’s Valuation
We raise our target price (TP) for GEX by 104% but downgrade our rating from OUTPERFORM to MARKET PERFORM as its share price has rallied 251% over...
342 Views
GEX [BUY +25.9%] - Core NPAT to double in 2025F - Update
We cut our target price (TP) for GEX by 4% but upgrade our rating from OUTPERFORM to BUY as its share price has dropped 13% over the past three...
444 Views
Gex - Strong Core Earnings Projected Across Segments in 2025F
We cut our TP due to a higher conglomerate discount of 15% (vs 10% previously), which outweighs our 4% higher aggregate 2024-2028F NPAT-MI...
485 Views