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Sofa so good for Courts Asia

Jude Chan
Jude Chan11/11/2016 11:27 AM GMT+08  • 1 min read
Sofa so good for Courts Asia
SINGAPORE (Nov 11): DBS Group Research is keeping Courts Asia at “buy” and raising its target price to 50 cents, from 45 cents previously.
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SINGAPORE (Nov 11): DBS Group Research is keeping Courts Asia at “buy” and raising its target price to 50 cents, from 45 cents previously.

In a report on Thursday, DBS lead analyst Alfie Yeo calls Courts’ valuation “compelling” and notes that the stock also offers dividend yield of close to 4%.

“We see earnings recovering on the back of better cost management and margins,” says Yeo. “Courts is on track to expand its store network in Indonesia and Malaysia, and is well positioned to ride on their expected GDP growth acceleration and consumer sentiment recovery in 2017.”

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