Singapore Stock Market News

Wing Tai - Deep value

StockFanatic
Publish date: Wed, 13 May 2015, 12:07 PM
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Horizon Lakeview
■ Sales ahead but profits behind. Sold 19 units at Foresque Residences & penthouse at Le Nouvel Ardmore.

■ Retail-market weakness likely the culprit.

Maintain BUY & SGD2.37 TP, at 35% discount to RNAV of SGD3.65. Catalysts from potential improvements in high-end sentiment.
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