HONG KONG, Aug 16: In their search for stockpicks amid the turmoil in Asia, Hong Kong analysts have identified IDT International Ltd as an undervalued stock with minimal exposure to regional currency devaluations."IDT is a fundamentally strong small-cap industrial counter that is grossly undervalued," BNP Prime Peregrine said in a recent report, rating the stock a buy."With 79 percent of sales from the US/Europe, the group is sheltered from the Asian turmoil," it said.
IDT makes Liquid Crystal Display (LCD) consumer electronic products, electronic stationery such as translators, organisers and games, and telecommunications equipment. It manufactures products at facilities in Xixian, near Shenzhen in China and its revenues are denominated mostly in US dollars.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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