Singapore Stock Market News
Vard Holdings - Recovery story derailed
StockFanatic
Publish date: Wed, 15 Oct 2014, 12:00 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ Vard guides for negative EBITDA in 3Q14 results
■ Poor results due to slower ramp up at new Promar yard in Brazil, cost overruns spilling over to European yards as well
■ Cut core FY14/15F earnings by 54%/34% to factor in lower margins
■ Downgrade to FULLY VALUED, TP slashed to S$0.65
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