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Home / Capital / Brokers Calls

This developer's outlook remains bright despite 1Q earnings decline: Phillip

Broker's Calls

This developer's outlook remains bright despite 1Q earnings decline: Phillip

Michelle Zhu Published on Mon, May 07, 2018 / 11:00 AM GMT+8

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SINGAPORE (May 7): Phillip Capital is maintaining its “buy” call on developer Chip Eng Seng (CES) Corporation with an unchanged target price of $1.21, which translates to a P/NAV ratio of 0.95 times at the counter’s closing price of 93 cents last Friday.

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