Singapore Stock Market News

Pacific Radiance - Where Is The Bottom?

StockFanatic
Publish date: Fri, 12 Dec 2014, 10:06 AM
StockFanatic
0 10,452
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.
Our sensitivity analysis of 1-year forward P/B suggests current share price has factored in Brent oil price of US$60/bbl. Share price has a strong correlation with oil prices. Should oil price fall to US$50/bbl, share price could fall another 17%. However, we see oil prices at US$40-50/bbl would likely be temporary. For investors with a longer-term view, this is an opportunity to bottom fish.

Maintain BUY. Target price: S$1.57.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment