Sino Grandness kept at 'buy' with 95 cents price target by UOB-KayHian

Stock Name: Sino Grandness
Company Name: SINO GRANDNESS FOOD IND GP LTD

Research House: UOB KayHian

Price Call: BUY

Target Price: 0.95

SINGAPORE (Nov 18): UOB-KayHian is maintaining its "buy" call for Sino Grandness Food with price target of 95 cents.

In a Nov 17 report, Brandon Ng Chenhao said Sino Grandness Food's 9M14 earnings came in above expectations and have already formed 90% of the house's full-year estimate and the stock has also declined considerably.

In 9M14, Sino Grandness reported a net profit of RMB448.3 million ($95 million), up 31.2% from a year ago, driven by stronger revenue and improved gross profit margins.