#2 Avi-Tech

Avi-Tech Holdings provides solutions for burn-in, manufacturing, and printed circuit board assembly, and engineering services for semiconductors, electronics life sciences, and other industries. Avi-Tech’s biggest contributor to revenue is the board-testing segment, encompassing 55% of revenue in 2022 followed by its engineering services & equipment distribution segment at 24%. In the second half of 2022, Avi-Tech registered a revenue growth of 15.8% to SG$18 million from SG$15 million in 1H 2022. Likewise, profits also doubled to SG$2 million from SG$1 million over the same period. At the time of writing, Avi Tech is now trading at a P/B ratio of 0.88 times compared to the industry’s average of 1.33 times. There are a couple of things about Avi-Tech that could make it a worthwhile investment: Potential New Revenue Driver
While the services of testing boards are still key to Avi-Tech, its engineering services and equipment distribution segment is...