Singapore Stock Market News
ST Engineering - Kitchen-sinking quarter
StockFanatic
Publish date: Sun, 01 Mar 2015, 08:37 PM
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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.
■ FY14 EPS missed, at 95% of our FY14E, hit by restructuring, inventory obsolescence and impairments charges.
■ Unchanged DPS of 15 SGD cts surprised on the upside.
■ Maintain HOLD. TP cut to SGD3.45, from SGD3.50, still based on 19x FY15E EPS.
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