Singapore Stock Market News

CDW Holding - A Strong 2H15 Awaits

StockFanatic
Publish date: Mon, 18 May 2015, 12:21 PM
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1Q15 results met our expectations, with an increase in gross margins amid stable supply of light guide panels. Also, we believe Sharp's recent bailout has eased the initial concerns over CDW's short-term future. Maintain BUY with a DCF-backed TP of SGD0.31 (41% upside), as we see a boost in handset BLU sales when the Pengfu joint venture achieves full capacity by 2H15. Coupled with Sharp's secured future, this should potentially lead to a strong 2H15.
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