Singapore Stock Market News

CWT Limited - Bumpy road to growth

StockFanatic
Publish date: Fri, 15 May 2015, 04:33 PM
StockFanatic
0 10,452
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.
■ 1Q15 net profit of S$29.2m (-16% y-o-y) below expectations due to start-up costs and translation losses on a Euro-denominated intercompany loan

■ FY15/16 forecasts cut by 8%/9%, taking into account weak 1Q15 numbers

■ Long-term growth prospects underpinned by warehouse expansion plan

Maintain BUY with S$2.08 target price
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment