SINGAPORE (Nov 9): DBS Vickers Securities has upgraded its view on Singapore O&G (SOG) to “neutral” from “fully valued” while raising its target price on the healthcare stock to 52 cents from 41 cents previously, which is pegged to 25 times P/E on FY18F earnings estimates.
This follows the group’s announcement of its earnings results for 3Q17, which declined 3.3% on-year to $2.35 million on higher expenses over the quarter.
See: Singapore O&G posts 3.3% fall in 3Q earnings to $2.4 mil
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