Emtek Group: Busy with Corporate Actions

Key Summary:
- Stock prices have mostly outperformed the market past 1 year
- BUKA could start to deploy its cash after change in IPO proceeds
- SCMA sees value from potential IPO from its subsidiary, Vidio
Over the past 1 year, Emtek Group’s share prices have gradually increased, as seen in the outperformance of EMTK (+33%), SCMA (+50%), and CASS (+109%). However, SAME (-4%) and BUKA (-17%) continue to underperform.
We have written extensively about the group (read here and here) and see positive momentum, particularly regarding potential corporate actions that could create upside opportunities.