Singapore Stock Market News
Swissco Holdings - Upping the ante
StockFanatic
Publish date: Tue, 16 Sep 2014, 10:12 AM
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Given management's contacts in the industry and its seemingly bullish stance, investors can expect a strong pipeline of orders. As the unit is expected to be deployed only in 4Q16, we keep our FY14-16 EPS forecasts and target price, based on 9x CY16 P/E (peer average).
We maintain our Add rating. An accelerated contract momentum is a potential re-rating catalyst.
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