Singapore Stock Market News

Overseas Education Ltd - Reassuring channel checks

StockFanatic
Publish date: Mon, 30 Jun 2014, 01:02 PM
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■ International schools in Singapore still enjoy tight placements despite two new entrants - Dulwich and GEMS - this year. Maintain BUY with DCF-derived TP of SGD1.40.

■ We think Dulwich and GEMS are drawing students from smaller schools. The larger schools are not affected.

■ The international schools in Iskandar may only appeal to a small segment given cost and travel constraints.
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