KBC Advanced Technologies (LON:KBC) - Diversification drive
Mar 14th 2012 - Edison Investment Research today published a report on KBC Advanced Technologies (KBC.L, LSE:KBC, LON:KBC) entitled "Diversification Drive". In summary, the report says:
KBC performed robustly in 2011. It grew earnings by 29%, boosted by the Pemex contract and supported by the company’s service capability, which spans the refining economic cycle. The same factors, supplemented by growth in software sales, should support further good performance in 2012. The rating is undemanding, with progress in filling up the 2013 backlog the key catalyst for upside.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
