Market: Singapore Company: Goldtron Ltd Recommendation: Buy Brokerage: Schroders GOLDTRON is a telecommunications firm developed from the merger of four companies with compound growth of more than 30 per cent and turnover expected to exceed S$500 million (HK$2.66 billion) in 1994-95.
The group is moving towards a second phase of growth, taking advantage of its research and development, manufacturing and distribution capabilities and close ties with other Asian markets.
While the bigger players are talking of mega-investments, Goldtron is already making super-normal profits from the sale of proprietary products in these markets.
The company's entrepreneurial approach allows it to operate efficiently and larger telecommunications projects are in the pipeline.
Market: Thailand Company: Hemaraj L&D Recommendation: Fully valued Brokerage: Smith New Court A RECENT visit to the site to look at Hemaraj's industrial estates revealed an impressive location for the Eastern Industrial Estate because of proximity to Map Ta Phut deep sea port.
But there are reservations about the sales prospects of the Chonburi Industrial Estate because of its distance from the deep sea port at Leam Chabang.
Poor net profits for the first nine months of the year were due to lower sales at Chonburi and although profits are expected to improve in 1995 the stock seems to be fully valued as next year's price-earning multiples remain high but subsequent earnings growth will be low.