Singapore Stock Market News
Jardine Cycle & Carriage - Sedate earnings outlook
StockFanatic
Publish date: Thu, 12 Mar 2015, 01:44 PM
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■ Cut FY15/16 earnings forecasts for Astra Intl by 15%/17%;recommendation likewise downgraded to HOLD
■ A weaker IDR vs USD outlook further justifies our JC&C FY15/16 forecasts being cut by 27%/35%
■ Dividend payout likely to remain tepid; with total dividends cut to US 85cts for FY14 from US 108cts
■ Downgrade to HOLD with S$44.95 target price
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