Singapore Stock Market News
Jaya Holdings - Keeping the pace
StockFanatic
Publish date: Fri, 01 Nov 2013, 10:28 AM
StockFanatic
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At 25% of our full-year numbers, 1Q
core earnings were in line with our
expectation but 20% below
Bloomberg consensus. We keep our
FY14-16 EPS and maintain an
Outperform rating with a higher
target price as we roll forward to 1x
CY14 P/BV (its 4-year mean).
Catalysts could come from stronger
chartering operations, shipbuilding
wins and clarity from the strategic
review.
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