23 April 2012
OSK positive on TIME dotCom anticipated acquisition of Global Transit and AIMS Group, 87 sen fair value (Buy) - OSK Research
OSK Research said TIME dotCom Bhd is on track to become a regional wholesale service provider due to the much anticipated acquisition of Global Transit entities and AIMS Group.
"We expect the new enlarged entity to leverage on each other's strengths to provide a more holistic one-stop solution to their wholesale customers," it said in a research note today.
The research house said the enlarged group would have an extensive regional footprint with connectivity from Asia, all the way to the United States.
"We think that with the multiple proposals in the pipeline, there may be a re-rating of the stock, especially when the operations of the acquirees are consolidated together with TIME dotCom later during the year," it said.
OSK Research reiterated its "buy" call on TIME dotCom, with 87 sen fair value.