Singapore Stock Market News
Courts Asia - Reaching lowest point
StockFanatic
Publish date: Tue, 25 Nov 2014, 12:29 AM
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■ Poor consumer sentiment in Singapore/Malaysia to continue. Cut FY15E-17E EPS by 3-36% for lower sales.
■ On bright side, Indonesian expansion could turn things around. Extreme cost-cutting at home lifting margins.
■ Maintain HOLD as all negatives likely priced in. TP down to SGD0.40 from SGD0.52, at 8x FY16E-17E EPS.
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