Singapore Stock Market News

Tat Hong - Lowering expectations

StockFanatic
Publish date: Mon, 20 Apr 2015, 12:06 PM
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■ Expect losses for upcoming 4Q15E results due to one-off impairment charges

■ Recovery in Australia remains sluggish; lowering FY16F-FY17F earnings by 9% each

Maintain HOLD, trading at depressed valuations but slow recovery in Australia to cap upside; TP cut to S$0.69
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