Singapore Stock Market News
Kingsmen Creatives - Prelude To The Rollercoaster
StockFanatic
Publish date: Wed, 14 Oct 2015, 11:40 AM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We upgrade Kingsmen to NEUTRAL with a TP of SGD0.80 (from SGD0.78, 0% upside) as we believe the stock is now fairly valued. The current quarter is expected to remain challenging for the company, led by a slowdown in the expansion of high-end retailers and translation losses from CNY and MYR depreciation. However, we think that the worst is over, as the company embarks on new initiatives to improve its revenue stream.
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