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This ‘sparkling gem’ is started on ‘buy’ by KGI

Jude Chan
Jude Chan3/9/2017 01:19 PM GMT+08  • 3 min read
This ‘sparkling gem’ is started on ‘buy’ by KGI
SINGAPORE (March 9): KGI Securities has initiated coverage of SUTL Enterprise, the operator and owner of ONE°15 Marina Club in Sentosa, with a “buy” recommendation and a target price of $1.09.
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SINGAPORE (March 9): KGI Securities has initiated coverage of SUTL Enterprise, the operator and owner of ONE°15 Marina Club in Sentosa, with a “buy” recommendation and a target price of $1.09.

SUTL is “a sparkling gem that has yet to be fully appreciated,” says KGI’s research team in a Wednesday report. “The company’s business model allows it to generate recurring income streams and achieve an impressive return on invested capital (ROIC) of over 15% per annum in the last two years.”

SUTL saw full-year earnings more than double to $3.9 million from $1.6 million ago, after switching its focus to its new marina-related business.

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