Singapore Stock Market News

Jardine Matheson - Hold : weak 3Q15 highlights valuation is not compelling

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Publish date: Thu, 05 Nov 2015, 03:33 PM
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■ Interim management statement highlights 3Q15 y-o-y earnings decline, driven by Astra, Dairy Farm and currency

■ 3Q15 performance in line with HSBC's forecast, which for 2015e is 5% below consensus

Maintain Hold at lower target price of USD55.5 (down from USD60)
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