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String of catalysts ahead for Regal in 2H

Michelle Zhu
Michelle Zhu8/26/2016 09:28 AM GMT+08  • 2 min read
String of catalysts ahead for Regal in 2H
SINGAPORE (Aug 26): NRA Capital is maintaining its “overweight” rating on Regal International Group with a lower 33 cent fair value estimate from its previous estimate of 35 cents, with expectations that the stock will be driven by several catalysts t
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SINGAPORE (Aug 26): NRA Capital is maintaining its “overweight” rating on Regal International Group with a lower 33 cent fair value estimate from its previous estimate of 35 cents, with expectations that the stock will be driven by several catalysts to come in 2H16.

(See 3 reasons Regal could be a risk worth taking)

In a Thursday report, analyst Liu Jinshu says NRA Capital has lowered its valuation of the stock after removing Regal’s completed projects from its list, which is “reasonable” in light of the Sarawak-based property developer’s 2Q losses, which reduced its book value.

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