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Straits Trading stands tall with majority stake in ARA Asset Management

Michelle Zhu
Michelle Zhu5/17/2017 11:46 AM GMT+08  • 2 min read
Straits Trading stands tall with majority stake in ARA Asset Management
SINGAPORE (May 17): OCBC Investment Research is maintaining its “buy” call on Straits Trading Company with an unchanged fair value estimate of $2.73, after it posted 1Q results which the research house deems to mark a “firm start to the year” for
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SINGAPORE (May 17): OCBC Investment Research is maintaining its “buy” call on Straits Trading Company with an unchanged fair value estimate of $2.73, after it posted 1Q results which the research house deems to mark a “firm start to the year” for the group.

(See also: Straits Trading reports 2.7% decline in 1Q earnings to $21.9 mil on lower revenue)

In a Wednesday report, lead analyst Eli Lee says the dip in Straits Trading’s 1Q revenue, mainly due to weaker contributions from the tin mining segment, was broadly within expectations – but nonetheless notes generally stable results for the quarter.

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