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SINGAMAS CONTAINER HOLDINGS (716.HK):HOLD: PROFIT WARNING NOT SURPRISING

SINGAMAS Container Holdings (716.HK): hold: profit warning not SURPRISING

匯豐銀行 ·  Nov 29, 2015 00:00  · Researches

Singamas issued a profit warning for 2015; not a surprise to us

It expects the market downturn to continue in 1H 2016. Welower our forecasts further in 2015-17e

Cut target price to HKD0.90 to reflect trough valuation.Balance sheet now much stronger than 2008 downturn

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