Singapore Stock Market News
Vard Holdings Ltd - Brazilian coup
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Publish date: Mon, 12 Aug 2013, 11:10 AM
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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.
Factoring this in, we raise our
FY13-15 EPS by 3-7%. Our target
price, still at 9x CY14 P/E (mean
since IPO), rises on our EPS upgrade.
However, until investors are fully
convinced that execution hiccups in
Brazil are fully over, we think a
sustained re-rating is unlikely. Hence,
our unchanged Neutral rating.
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