Singapore Stock Market News

Sound Global Limited - A powerful comeback

StockFanatic
Publish date: Thu, 06 Feb 2014, 12:48 PM
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Reinitiate coverage with BUY, TP of HK$8.92

• Strong growth backed by RMB5bn orderbook & growing BOT portfolio

• Upside catalysts to FY14F growth are stronger execution and contract wins

• SGL is best bargain in water, at 30% discount to peers' average of 25x forward PE
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