Singapore Stock Market News

Starburst Holdings - Armed and highly profitable

StockFanatic
Publish date: Fri, 26 Sep 2014, 06:45 PM
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Initiate coverage with BUY, 30% upside to TP of S$0.77 based on 25% discount to peers' PE

■ Proxy to bigger defence budgets regionally and fastest growing markets in the Middle East

■ Attractive at 8.4x FY15PE for 16% earnings CAGR from 2014-16, industry averages 15x PE
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