The CGS-CIMB team noted that Creative is trading at a price-to-sales ratio of 2.9 times, against the ratio of 2.5 times for the small to mid-cap technology stocks under coverage, and a ratio of 10.3 times for Hong Kong-listed giant Razer.
By Annabeth Leow
CREATIVE Technology shot to the top of the Singapore Exchange's gainers list on Monday morning, after glowing reports about the potential of the mainboard-listed consumer technology company's "3D audio" product.
The counter was up by S$1.70, or 33.14 per cent, to S$6.83, as at 10.25am - a level not seen since 2008. More than 2.93 million shares had changed hands.
Stock watchers enjoyed a brief stint as technology reviewers last week at a showcase of the company's new Super X-Fi, which can plug into devices to deliver a listening experience that mimics how people hear in real life.
DBS analyst Sachin Mittal wrote in a March 1 report that the Super X-Fi technology "could be a much needed lifeline for the company".
