Singapore Stock Market News

CWT Limited - Bumpy road to growth

StockFanatic
Publish date: Fri, 15 May 2015, 04:33 PM
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■ 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
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