Singapore Stock Market News

Overseas Education Ltd - Year of Gestation

StockFanatic
Publish date: Mon, 17 Aug 2015, 02:13 PM
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Pic Credits : oel.listedcompany.com
- 2Q15 in line. Revenue & EPS down 5% YoY, as expected.

- Lost 230 students this year, from move to Pasir Ris & family relocations. Cut EPS by 8-15% after guidance.

- Maintain BUY with DCF TP down to SGD1.09 from SGD1.27 after EPS cuts. Still expect catalysts from higher enrolments.
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