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.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)