CS Starts Memstech At Outperform,Target Of MYR1.06

Credit Suisse starts Memstech at Outperform, target price of MYR1.06. "Memstech has started supplying a major MNC hand-phone manufacturer with its silicon microphone, which could lead to exponential earnings growth." Says catalyst: release of its 4Q FY07 results at end of September, which should show first evidence of jump in silicon microphone sales, also listing transfer from MESDAQ to Main Board "could be another major catalyst in 1Q08." Stock +25.8% at 75 sen.