Stock Name: CWT
Company Name: CWT LIMITED
Company Name: CWT LIMITED
| Research House: OSK-DMG | Price Call: HOLD | Target Price: 1.82 |
SINGAPORE (Feb 17): OSK DMG has downgraded CWT to "neutral" from "buy" to reflect expectations of lower business activities across the company's various segments.
The broker also cut its price target to $1.82 from $2 and lowered its earnings per share forecasts for FY2015 and FY2016 by 16% and 11% respectively to account for lower commodity trading volumes, reduced financial services revenue, and weaker margins from commodity marketing.
CWT recently reported what OSK DMG described as "weak" 4Q2014 earnings of $9 million, down 73% y-o-y.
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