Singapore Stock Market News

Kingsmen Creatives - Prelude To The Rollercoaster

StockFanatic
Publish date: Wed, 14 Oct 2015, 11:40 AM
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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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