Singapore Stock Market News

Courts Asia - Clouded by consumer pessimism

StockFanatic
Publish date: Fri, 30 Oct 2015, 02:30 PM
StockFanatic
0 10,453
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.
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.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment