Singapore Stock Market News

Super Group - Past the Worst

StockFanatic
Publish date: Fri, 13 Nov 2015, 05:00 PM
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■ 3Q15 within expectations. NP fell 26% YoY, mainly due to weak regional currencies, and lack of new product launches.

■ New product rollout has begun with selected countries in 4Q, with the rest in 1H16. Initial feedback is positive.

Reiterate BUY with unchanged TP SGD1.42, 1SD above 5-year P/E. Catalysts from improving results, M&A, and dividends.
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