Trifast has given a strong year end trading update, guiding to FY16 results at the upper end of market expectations. This reflects continued good demand in its markets in Asia and Europe, as well as further efficiency gains and a slightly better than expected performance from the recent acquisition, Kuhlmann. We have increased our PBT and EPS forecasts for FY16 by 3%, with increases of 1% pa for the following years. We have also increased our target price from 139p to 148p. We remain positive on ....
