CWT kept at 'buy' with $2.08 target price by DBS

Stock Name: CWT
Company Name: CWT LIMITED

Research House: DBS Vickers

Price Call: BUY

Target Price: 2.08

SINGAPORE (Jan 13): DBS Group Research is maintaining a "Buy" call with a target price of $2.08 for CWT Limited amid the company's exceptional strong growth last year.

CWT's earnings for the nine month ended September 2014 (9M14) grew by 52% y-o-y to $98 million.

CWT also registered a record net profit of $120 million last year.

The higher earnings was due to its core Logistics segment and strong performance from its relatively new Financial Services segment.