Singapore Stock Market News

Tat Hong - Weak fundamentals

StockFanatic
Publish date: Fri, 05 Jun 2015, 04:50 PM
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■ FY15 earnings below expectations on weaker revenue and higher than expected costs

■ Cautious outlook for Australia will be a key drag on growth prospects

■ Slash FY16F/17F earnings by 60% each on poorer revenue outlook and higher costs

Downgrade to FULLY VALUED, TP cut to S$0.52
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