Singapore Stock Market News

Kingsmen Creatives - Building Experience

StockFanatic
Publish date: Wed, 20 Aug 2014, 01:20 PM
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Kingsmen reported 2Q14 earnings of SGD5.3m (-1.4% y-o-y) while 1H14 net profit declined 18.2% y-o-y to SGD6.2m despite a healthy 11.8% growth in revenue. However, we remain optimistic on 2H14 with a secured orderbook of SGD141m expected to be recognised. Its interim dividend of 1.50 cents is also maintained.

We lower our TP to SGD1.08 (from SGD1.10), which is based on 10x FY14F P/E. Maintain BUY.
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