Singapore Stock Market News

Innovalues - No speed limits; Initiate BUY

StockFanatic
Publish date: Mon, 15 Sep 2014, 10:29 AM
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■ Comeback year. Initiate with BUY. TP at 10x FY15E P/E, 10% premium to peers on superior ROEs and EPS growth.

■ Strong capacity to sustain EPS growth of above 20% in FY15E-16E, driven by core automotive components business.

■ Positive FCF to add further to net cash, lifting FY14E-16E dividend yields to 6-10%.
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