Super Group kept at 'buy' with target price of $1.57 by Kim Eng

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

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 1.57

SINGAPORE (June 17): That boy El Nino is back but his reappearance won't necessarily cause coffee manufacturer Super Group to break out in a sweat.

Weather soothsayers are saying that the El Nino effect is set to be stronger this year, which will hit the production and therefore prices of soft commodities, from coffee to palm oil to sugar. This might add pressure to Super's cost base, says Maybank Kim Eng.