Excerpt from cantech letter:
Paradigm Capital today released its top picks for the fourth quarter of 2016 and the innovation sectors figure prominently in the firm’s best ideas.
Among Paradigm’s favourites are Baylin Technologies (TSX:BYL), Firan Technology Group (TSX:FTG), ProMetic Life Sciences (TSX:PLI) and Shopify (TSX:SH, Nasdaq:SHOP).
Analyst Daniel Kim says the underperforming Baylin Technologies may have turned a corner.
“Q2 was a massive beat as BYL continues to capitalize on growth opportunities, with Q3 likely another strong quarter,” says the analyst. “The Samsung Note 7 recall, while posing headline risk, has not presented a business risk to BYL. Rumours of an early Galaxy S8 release could provide an incremental boost to Q4 revenue. In the meantime, volumes with Indian and Chinese mobile OEMs is growing.”
Kim has a “Buy” rating and a $5.00 target on Baylin, which closed Friday at $2.00.