SINGAPORE (Nov 16): OCBC is keeping Starburst at “buy” with a $0.39 fair value estimate despite weak third quarter earnings as the house thinks the firm, which designs defense training facilities, has a strong outlook.

OCBC says that Starburst's revenue declined 53% in the third quarter, but it says that was expected.

"We believe the macro-environment for defence industry will continue to be supportive of Starburst's growth outlook," OCBC says.

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