Singapore Stock Market News

Super Group - Avoid The Grind

StockFanatic
Publish date: Fri, 18 Jul 2014, 09:39 AM
StockFanatic
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We believe competition is intensifying across the region. This may lead to muted sales growth for Super, especially since it does not have substantial penetration in new markets such as Indonesia and the Philippines. Super is taking positive steps to build its brand and product capability, but near-term headwinds suggest that current valuations are too demanding.

Downgrade to NEUTRAL (from Buy) with a new TP of SGD1.46 (from SGD2.00)
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