Singapore Stock Market News

Pacific Radiance - Continues to impress

StockFanatic
Publish date: Thu, 14 Aug 2014, 11:36 PM
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■ Net profit (excluding vessel sales gains) of US$14.3m above expectations on the back of margin strength

■ We revise up chartering profit estimates for FY14/15 by 7% each, on higher utilisation and margin assumptions

■ Newbuild deliveries will help PACRA achieve a strong 39% CAGR on chartering net profits over FY13-15

Maintain BUY with revised TP of S$1.62 (11x FY15 PE)
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