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
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