Singapore Stock Market News
Failure of STX Pan Ocean sale?
StockFanatic
Publish date: Wed, 03 Apr 2013, 12:02 PM
StockFanatic
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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.
As a result, after rising from W2,810
to a high of W6,100 on 30 Jan, the
share price has corrected 35% to
W3,970, and we expect it to correct
another 25% to our target price of
W2,960 (S$3.30), which incidentally,
is close to its early-Dec lows. STX Pan
Ocean is our top Underperform in our
coverage universe, with Pacific Basin
as our top pick. We are Neutral on the
shipping sector overall.
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