SINGAPORE (Nov 13): Phillip Securities Research is keeping its “buy” call on environmental services provider 800 Super Holdings but lowering its target price to $1.43, down from $1.53 previously.
“We like the stock for its recession-proof business model, yet with a pipeline of projects to drive medium-term growth,” says analyst Richard Leow in a report on Monday.
800 Super saw its PATMI dip by 2.5% to $4.4 million in 1Q18 as an increase in staff cost put the squeeze on margin.
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