Singapore Stock Market News

Super Group - Initiation: recovery brewing

StockFanatic
Publish date: Fri, 02 May 2014, 01:45 PM
StockFanatic
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• Quality instant F&B player leveraged to compelling industry themes; we forecast a core EPS CAGR of 13.5% for 2013-16

• Earnings should trough in 2Q14; we expect an earnings turnaround in 2H14 and a robust pick-up in 2015-16

Initiating coverage with an Outperform (2) rating and a 6- month target price of SGD3.95
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