Super Group raised to "buy", target lifted to $1.60 by Maybank Kim Eng

Stock Name: Super Group
Company Name: SUPER GROUP LTD.

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 1.60

SINGAPORE (March 2): Maybank Kim Eng has upgraded Super Group to "buy" from "hold" and raised its price target from $1.02 to $1.60, based on 23 times projected 2015 earnings.

"We believe lower market expectations, better growth potential, balance-sheet health and a seasoned management are all reasons to buy the stock now," Maybank Kim Eng analyst Gregory Yap wrote in a note today.