CIMB has upgraded SIA Engineering (S59.SG) to “outperform” from “underperform”, raises target price to $4.12 from $3.58, based on blended FY11 P/E, discounted cashflow valuations, after increasing fiscal FY11-12 earnings estimates by 9%.
Posts Tagged ‘earnings estimates’
CNA Group’s target price raise to 57 cents by DMG; keeps ‘buy’
March 17th, 2010 |
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DMG has raised CNA Group’s (5GC.SG) target price to 57 cents from 51 cents on the back of earnings forecast upgrades, maintaining “buy” rating, reported Dow Jones Newswires.
The broker says control and automation systems firm’s recent FY09 results well above expectations; raises FY10 earnings estimates by 11.8% to factor in stronger contribution from associates due to higher assumed margins.