Singapore Stock Market News

Courts Asia - Clouded by consumer pessimism

StockFanatic
Publish date: Fri, 30 Oct 2015, 02:30 PM
StockFanatic
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Neutral on the stock
We maintain our Neutral stance on the stock as we believe the share price will trend sideways. We see limited downside since forward PE valuations are attractive at - 1.5SD of its mean. However, we do not see significant upside from the weak macro environment that underpins soft outlook ahead. Outlook should remain unexciting as regional consumption is weak and growth outlook is expected to be less buoyant than before. Our recent GDP growth downgrades in Asean validate this view.
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