Singapore Stock Market News
Halcyon Agri - Tapping into rubber growth
StockFanatic
Publish date: Mon, 06 Jan 2014, 09:33 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.
We initiate coverage of HalcyonAgri with an OUTPERFORM rating and target price of S$1.10. We believe there is a 38% share price upside driven by significant capacity growth and supported by increasing demand in the global tyre market, which should drive earnings CAGR of 60% over 2013-16E.
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