Singapore Stock Market News

Pacific Radiance - Off to a flyer

StockFanatic
Publish date: Thu, 15 May 2014, 03:30 PM
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■ Net profit of US$17.8m in 1Q14 above estimates

■ Higher gross margin of 40% the main driver

■ Newbuild deliveries from 2H14 will keep the Group on track to a 29% earnings CAGR over FY13-15

Maintain BUY with TP of S$1.20; catalysts expected from superior earnings delivery and contract wins
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