Stock Buy Call: Techcomp with a price target of 0.4 by NetResearch Capital!

Techcomp (Holdings) Ltd may gain after NetResearch Capital initiated coverage with a "buy" call and a target price of 0.40 sgd. NetResearch said the manufacturer of medical laboratory instruments is well positioned for growth, citing research by Strategic Directions International that shows the worldwide demand for analytical and life science instruments reached 29 bln usd last year, and is expected to grow by 5.5 pct this year. "The growth in revenue and net profit will be mainly driven by more original equipment manufacturer contracts currently pursued by Techcomp," it said. Techcomp closed unchanged at 0.280 sgd yesterday.