The Positives
Outlook
According to Management, the aluminium industrial product business is expected to be negatively affected, due to the uncertain global economy. The building product business is expected to face margin pressure arising from intense market competition, continuing government cooling measures and a tight labour market in Singapore.
Ceasing coverage
Our most recent rating from our Aug. 8, 2018 report, was “Buy” with target price of $0.51. We are ceasing coverage on this counter due to reallocation of internal resources.
Richard covers the Transport Sector and Industrial REITs. He graduated with a Master of Science in Applied Finance from the Singapore Management University. He holds the CFTe and FRM certifications and is a CFA charterholder.
He was ranked #2 Top Stock Picker (Asia) for Real Estate Investment Trusts in the 2018 Thomson Reuters Analyst Awards, and ranked #2 Top Stock Picker (Singapore) for Resources & Infrastructure in the 2016 Thomson Reuters Analyst Awards.