Singapore Stock Market News

CSE Global - Steady strides

StockFanatic
Publish date: Wed, 27 Feb 2013, 10:37 AM
StockFanatic
0 10,452
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.
While not particularly inspiring, 4Q met expectations as CSE continues to make steady strides. Undemanding valuations and dividend yields in excess of 5% continue to lend support to our call.

At 24% of our FY12 (full-year at 99%), 4Q was in line with our expectations and consensus. We cut our FY13-14 EPS by 7-9% on lower revenue and margin assumptions. We also introduce FY15 numbers. Our target price, pegged at 8x CY14 P/E (0.5 s.d. below its five-year mean), drops accordingly. We maintain Outperform with catalysts from stronger orders, quarters and accretive M&As.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment