Singapore Stock Market News

Vard Holdings - Wait And See

StockFanatic
Publish date: Tue, 29 Apr 2014, 10:58 PM
StockFanatic
0 10,453
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.
Vard's 1Q14 PATMI came in at 19% of our FY14F earnings, marking a third consecutive quarter of margin recovery. EBITDA margin was 6.4%, up from 5.1% in 4Q13. At the current rate of improvement, Vard should be able to meet our 7.6% margin forecast for FY14F. Its 1Q14 order wins were "exceptional".

We continue to prefer Nam Cheong for lower-risk exposure to OSV building. NEUTRAL, with a higher SGD1.00 TP.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment