Singapore Stock Market News
Parkson Retail Asia - Good value
StockFanatic
Publish date: Tue, 26 Nov 2013, 12:06 PM
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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.
Nevertheless, we retain our positive view as the share price has yet to react to Malaysia's recovering profitability. We maintain our Outperform call and target price, which is still based on 20x CY15 P/E, in line with regional peers. CY15 P/E is just 14x at the current share price. The stock may be catalysed by the improving profitability in Malaysia.
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