SHS Holdings Ltd – Ceasing coverage May 21, 2019 266

  • 1Q19 results missed our forecasts. The gestation period for the growth drivers were much longer than expected.
  • We are ceasing coverage on SHS Holdings Ltd. We had a NEUTRAL recommendation with a TP of S$0.194. Our previous recommendation can no longer be relied on. 
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Alvin Chia
Research Analyst
Phillip Securities Research Pte Ltd

Alvin covers telecommunication and technology sector.

He graduated with a bachelor of commerce, majoring in Accounting and Finance from Monash University.

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