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Courts Asia - Mid-Cap Highlight

StockFanatic

Publish date: Thu, 27 Mar 2014, 12:29 PM

Courts Singapore celebrated its 40th anniversary with a big weekend sale. Aggressive marketing efforts continue with a relaunch of its health and wellness products under World of Wellness. While our valuation exercise indicates share price has likely bottomed, we remain wary of weakness in discretionary spending and consumer financing.

Maintain HOLD. Target price: S$0.62. Entry price: S$0.52.

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