Singapore Stock Market News

Super Group - 3Q12 preview

StockFanatic
Publish date: Tue, 06 Nov 2012, 12:46 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We expect Super Group 3Q's earnings to come in at S$17.8m which forms 26% of our and consensus full-year estimates. We believe that the impact of moderating coffee prices should outweigh demand sluggishness in the Asean economies.

We maintain Outperform, with no change to our estimates or target price, still based on 20x P/E (20% discount to Nestle Malaysia). We will roll forward our target price to end-CY13 and review our forecasts after the 3Q results announcement, expected on 8 November. Catalysts include stronger-than-expected Branded Consumer sales.
Read more ''
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment