Singapore Stock Market News
ISEC Healthcare - Some headwinds, some progress
StockFanatic
Publish date: Mon, 20 Apr 2015, 11:11 AM
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■ On brighter side, announced first M&A MOU. Estimate EPS impact at +3.5%, in line with 10% valuation premium.
■ Maintain HOLD for lack of immediate catalysts. TP reduced from SGD0.51 to SGD0.46, still at 10% premium to peers' 32x FY15 EPS. Prefer Q&M in sector.
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