Singapore Stock Market News
SIIC Environment - CIC's unexpected exit
StockFanatic
Publish date: Wed, 10 Dec 2014, 11:11 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.
■ CIC's exit at SGD0.149 surprised market. Could be due to profit-taking or portfolio restructuring.
■ SIIC still making operational progress. Market reaction overdone.
■ Current price offers good entry. Maintain BUY & SGD0.20 TP, at 30x FY15E PER. Catalysts from potential M&As and sector reforms.
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