Singapore Stock Market News
Tat Hong Holdings - Hoisting sustainable growth
StockFanatic
Publish date: Mon, 11 Mar 2013, 10:23 AM
StockFanatic
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We see positive operational leverage
and efficiency through better
working capital mobilise in this
business. Earnings sustainability is
organically driven while M&A
ventures in resilient sectors/markets
would lift its growth trajectory. We
maintain our earnings estimates,
target price basis of 11x CY14 P/E
(5-year average forward P/E) and
Outperform rating.
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