Star Stock: Landwind "Buy" Call

BROKER CALL - Landwind rated 'buy'; fair value 0.70 sgd – OCBC OCBC Securities said it has initiated coverage of Landwind Medical Holdings, a distributor and manufacturer of ultrasound and radiation imaging equipment in China, with a "buy" rating and fair value of 0. 70 sgd per share. "The company is riding on a positive industry backdrop over the medium term, due to rising income/standards of living, an aging population, and increased public expenditure on healthcare," OCBC said. "Looking ahead, revenue and earnings in 2006 will see a strong boost from acquisitions of new product lines from Siemens and Fujifilm," it said. "Revenue growth is further supported by the firm's order book, which had more than doubled to 85.40 mln yuan as of end-January 2006," it added. Landwind was up 0.025 sgd or 5.75 pct at 0.46 with 5.90 mln shares traded.