Home Capital Broker's Calls

Crawling start for Singapore O&G but prospects still bright

PC Lee
PC Lee5/16/2017 11:18 AM GMT+08  • 2 min read
Crawling start for Singapore O&G but prospects still bright
SINGAPORE (May 16): DBS is maintaining its “buy” call on Singapore O&G with adjusted-for-share-split target price of 80 cents on positive growth prospects even though it has had a slow start.
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 (May 16): DBS is maintaining its “buy” call on Singapore O&G with adjusted-for-share-split target price of 80 cents on positive growth prospects even though it has had a slow start.

In a Monday report, analyst Rachel Tan says key potential catalysts include forecast-beating growth from its cancer and dermatology divisions, expansion into new specialisations like paediatrics and complementary services like IVF or imaging as well as better-than-expected margins improvement.

1Q17 growth was muted, according to Tan. Net profit was up 2.8% to $2 million on-year, forming 19% of DBS’s FY17 forecast earnings. However, management highlighted that 1Q is typically the weakest quarter and DBS has assumed marginal contributions from paediatrics in its FY17 estimates.

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.