Singapore Stock Market News
ValueMax Group - Projected Turnaround In Place
StockFanatic
Publish date: Wed, 02 Jul 2014, 10:44 AM
StockFanatic
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Key takeaways:
i) expansion plans on track with 20 outlets in Singapore and eight in Malaysia by end-FY14,
ii) a projected earnings turnaround with an increase in total general loans given out seen, and
iii) key concerns remain mainly on liquidity and the stability of gold prices.
Maintain BUY and SGD0.56 TP, based on 1.9x FY14F P/BV.
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