Singapore Stock Market News
Swissco Holdings - Contracts are safe
StockFanatic
Publish date: Thu, 05 Mar 2015, 12:50 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.
Our forecasts reflect the cut in orders as well as Swissco's change in reporting currency from S$ to US$ in 4Q14. Maintain Add but with a lower target price, still based on 7.5x CY16 (1 s.d. below the 5-year mean of small/mid-cap oil services companies). Catalysts could come from stronger-than-expected contract wins.
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