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Imdex Limited

( ASX:IMD ) - Materials

News

Analyst Views

IMD – CIMB Securities rates the stock as Hold

The interim result contained the company’s first quarterly loss, in CIMB’s recollection. The seasonal slowdown came earlier than expected and aggravated weak market conditions. CIMB thinks the stock will stay under pressure in the medium term. Nevertheless, longer-focused investors are advised that there is clear value in this name and latent leverage in the business.

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IMD – Deutsche Bank rates the stock as Buy

Imdex’s quarterly shows the company is rocketing along on leverage to the mining exploration market, the broker notes, and there are no signs of slowing just yet. The broker has increased FY12 forecast earnings by 7% but is maintaining a conservative approach, noting IMD is an early-cycle play and global uncertainty overhangs.

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