Friday, June 19, 2015

Super kept at 'hold' by DBS with lower target price to $1.25 on slowing growth

Stock Name: Super Group
Company Name: SUPER GROUP LTD.
Research House: DBS VickersPrice Call: HOLDTarget Price: 1.25



SINGAPORE (June 19): DBS Vickers has trimmed its target price on Super Group from $1.45 to $1.25 but maintaining its "hold" call, as the company's recovery is seen in progress albeit at a gradual pace.

"We believe earnings momentum will be back-end loaded beyond 2H2015. Management may be lining up new products for launch over this period but regional consumer sentiment remains tepid," say analysts Alfie Yeo and Andy Sim in a June 19 note.

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1 comment:

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