Feb 28th 2013 - Edison Investment Research today published a report on Firstextile entitled "Warp Factor Nine". In summary, the report says:
Firstextile offers investors exposure to a fast-growing industry (top-end fabrics and shirts for the domestic Chinese market) and an entrepreneurial management team that has successfully diversified the business mix and is shortly to double production capacity, underpinning expectations of continued strong profits growth. Industry dynamics remain positive and as the group’s track record as a quoted group lengthens (it listed in Frankfurt in November 2012), the present low rating (2013 P/E 3.1x and EV/EBITDA 1.8x) has scope to improve significantly.
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