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GDT - Defensive stock with attractive dividend policy - Visit Note

GDT has maintained an annual revenue growth rate of 9%-12% and even faster operating profit growth for most of the last five years. The company expects to continue sales growth at the current rate for the next two years before its two factories reach full capacity. The company has quite a clean balance sheet with barely any debt, while more than half of its assets come from cash & cash equivalents and short-term investments (all term deposits). Without any funding pressure for expansion