Singapore Stock Market News

Ausgroup - Too Much Speculation

StockFanatic
Publish date: Fri, 09 May 2014, 12:26 AM
StockFanatic
0 10,452
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.
AusGroup's core PATMI slid back into the red in 3Q14, even as revenues rose 7% q-o-q. While the healthier AUD395m orderbook is a positive, we remain concerned on execution. The stock has nearly trebled since its Dec 2013 low, well ahead of any news flow, and has priced in much more than a simple earnings recovery.

We downgrade to SELL with a SGD0.36 TP (from SGD0.25) based on 1x FY15F P/BV.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment