Singapore Stock Market News
SIA Engineering - Stuck in the hangar
StockFanatic
Publish date: Tue, 23 Jul 2013, 09:01 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.
There were no major surprises in
1Q14 with net profit in line with
expectations at 24% of our and
consensus FY14 forecasts. Although
the stock held up well during the
May sell-down of REITs/high-yield
stocks (mainly due to illiquidity), we
see limited risk-reward on account of
its expensive valuation. No change to
our EPS and target price, still based
on a blended valuation of DCF and
P/E (19x CY14).
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