Singapore Stock Market News
Innovalues - Fundamentals Unchanged
StockFanatic
Publish date: Fri, 28 Aug 2015, 12:41 PM
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• Share-price weakness opens up buying opportunities. Management remained bullish in recent meeting.
• Weak China auto sales not affecting it. CNY devaluation positive for Innovalues & customers.
• Maintain BUY & SGD1.18 TP at 14x FY16 EPS. Expect catalysts from better-than-expected margins and new customer wins. 5% yields attractive on single-digit valuations.
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