Singapore Stock Market News
Courts Asia - NDR Feedback
StockFanatic
Publish date: Mon, 30 Sep 2013, 11:29 PM
StockFanatic
0 10,453
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.
Negatives factored in. We hosted a NDR with Courts to confirm our views
on the retail scene in Singapore and Malaysia. We believe the share price
has already priced in overall weakness in demand in the past quarter.
We
have cut our FY14F earnings by a further 8% to account for the unexpected
closure of JEM in Sep, which was beyond Courts' control. Barring a longer-than-
expected closing of the JEM store, the trough should be seen in
2QFY14 (3QCY13).
Going forward, things should improve on
(1) a
loosening in credit policy to improve sales, particularly in Malaysia,
(2) a
short term boost in sales from iPhone 5S and
(3) the maiden store opening
by FY3/15 in Bekasi, Indonesia to boost sales.
Maintain BUY at SGD1.06
(reduced from SGD1.15 on the lower FY14F forecast) pegged to 14x
earnings.
Read more » More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
CEO Morning Brief
Crypto Market Capitalisation Hits Record US$3.2 Tril, CoinGecko Says
2
RHB Investment Research Reports
3
RHB Investment Research Reports
4
CEO Morning Brief
5
RHB Investment Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
