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.
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 »
