Home Capital Broker's Calls

800 Super upgraded to 'buy' by Phillip on recent share price slump

PC Lee
PC Lee9/3/2018 12:56 PM GMT+08  • 3 min read
800 Super upgraded to 'buy' by Phillip on recent share price slump
SINGAPORE (Sept 3): Waste disposal company 800 Super is expected to turn free cash flow positive only in FY20, according to research house Phillip Capital.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 3): Waste disposal company 800 Super is expected to turn free cash flow positive only in FY20, according to research house Phillip Capital.

In recent reports, Phillip had been stating its expectation of near-term PATMI weakness due to transitional ramp-up of new projects.

Last Wednesday, shares in 800 Super slumped 26.1% to 61 cents. This is its lowest in the year to date, down from a high of $1.24 touched in mid-January. The slump followed its announcement of a loss in 4Q18 on the back of higher expenses.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now