Cape EMS to gain from diversified portfolio mix, entrepreneurial vision

PETALING JAYA: Phillip Capital has initiated coverage on Cape EMS Bhd with a bullish outlook, suggesting that it likes the electronic manufacturing services (EMS) company for its strong earnings growth profile, entrepreneurial management team and diversified portfolio mix.

Notably, the research house said the group has managed to expand its net profit at a three-year compounded annual growth rate of 106% from 2019 since chief executive Christina Tee and her partners took over and restructured the firm back in 2013.