CWT kept at 'Add' with $1.96 price target by CIMB

Stock Name: CWT
Company Name: CWT LIMITED

Research House: CIMB

Price Call: BUY

Target Price: 1.96

SINGAPORE (Dec 2): CIMB Research is maintaining its "add" call on CWT with an unchanged target price of $1.96.

In a report dated Nov 27, CIMB analyst Jessalynn Chen says in a time of falling commodity prices, CWT managed to deliver strong earnings growth of 68% from a year ago, proving that its earnings are more resilient than the market expects.

Chen believes the stock has been oversold on concerns about its commodity marketing segment and view the share price weakness as a good entry point.