SHS Holdings Ltd – Ceasing coverage May 21, 2019 468
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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About the author
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.
