Formed in 2013 out of Monash University, Amaero International Ltd listed on the ASX in December 2019 after raising $8m at $0.20/share to give it a market capitalisation at IPO of $35m. Adam Dawes likes this stock.
“Amaero International Ltd (ASX:3DA) creates large format, complex components in metal with laser-based additive manufacturing for the defence, aerospace and automotive sectors,” Adam said.
“The recent quarter report highlighted that they received a purchase order from Raytheon Technologies, a global defence company. Research also was published suggesting a valuation range of between 90 cents and $5.86, depending on its success with deals highlighted in the note.
“This stock gets a strong BUY from me,” Adam concluded.
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