Singapore Stock Market News
First Resources - Expect Stronger 4Q15
StockFanatic
Publish date: Fri, 13 Nov 2015, 04:10 PM
StockFanatic
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■ 3Q15 results in line.
■ We raise 2016-17 EPS by 5-8% after cutting USD costs to reflect IDR depreciation.
■ Accordingly, we lift TP to SGD1.73 from SGD1.60 on unchanged 13x 2016 PER. Maintain HOLD as we believe positives are in its price.
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