Stock Name: Epicentre
Company Name: EPICENTRE HOLDINGS LIMITED
DMG & Partners Research in an Oct 7 research report says: "Following the announcement of Apple's founder Steve Jobs' passing, Epicentre tumbled 10% before closing up 1% yesterday. Likewise, shares of Apple Inc's remained relatively unchanged.
"We believe this is reflective of investor confidence in the future of Apple. Jobs had named his successor Tim Cook whom he had relinquished his position to on Aug 24 and with the current products it has in its stable, the general market believes Apple's current products will last several product cycles due to its forefront technology.
"Target price of 60 cents, pegged to 9x FY12F P/E. At current price, stock offers a decent 6% yield. BUY"
Company Name: EPICENTRE HOLDINGS LIMITED
| Research House: DMG | Price Call: BUY | Target Price: 0.60 |
DMG & Partners Research in an Oct 7 research report says: "Following the announcement of Apple's founder Steve Jobs' passing, Epicentre tumbled 10% before closing up 1% yesterday. Likewise, shares of Apple Inc's remained relatively unchanged.
"We believe this is reflective of investor confidence in the future of Apple. Jobs had named his successor Tim Cook whom he had relinquished his position to on Aug 24 and with the current products it has in its stable, the general market believes Apple's current products will last several product cycles due to its forefront technology.
"Target price of 60 cents, pegged to 9x FY12F P/E. At current price, stock offers a decent 6% yield. BUY"
No comments:
Post a Comment