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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■ 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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