Home Capital Broker's Calls

DBS keeps Chip Eng Seng at 'fully valued' following positive 2Q earnings results

Samantha Chiew
Samantha Chiew8/6/2018 04:09 PM GMT+08  • 3 min read
DBS keeps Chip Eng Seng at 'fully valued' following positive 2Q earnings results
SINGAPORE (Aug 6): DBS is reiterating its “fully valued” recommendation on construction and property group Chip Eng Seng (CES), with a target price of 75 cents.
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 (Aug 6): DBS is reiterating its “fully valued” recommendation on construction and property group Chip Eng Seng (CES), with a target price of 75 cents.

This came following the group announcing that it has turned over earnings of $11.1 million in 2Q18, compared to a loss of $2.56 million in 2Q17 post restatement.

This brings 1H18 earnings to $17.2 million, 181.9% higher than $6.09 million a year ago.

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