Singapore Stock Market News

Innovalues - Shifting into higher gear

StockFanatic
Publish date: Mon, 10 Nov 2014, 02:20 PM
StockFanatic
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■ 3Q14 above expectations on stronger margins. Confirms our turnaround thesis. Raise FY14E-15E EPS by 3-4%.

■ Undervalued growth stock with attractive yields. 24% FY15E EPS growth and ~6% yield at only 8x FY15E EPS.

BUY with higher TP of SGD0.65 from SGD0.52, now at 12x FY15E EPS instead of 10x. Still below peers' 13x and undemanding against 22% 3-year EPS CAGR.
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