CGS CIMB |
MAYBANK KIM ENG |
Near-term pain, long-term gain
■ 3QFY3/19 core PATMI fell 59% yoy to S$2m, missing our/consensus forecasts.
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Singapore Telecommunications (ST SP) Lower guidance likely priced in
In line with MKE, below consensus; maintain HOLD
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PHILLIP SECURITIES | OCBC |
Centurion Corporation Limited Opportunities in Penang SINGAPORE |REAL ESTATE| SITE VISIT NOTE
We were hosted by Centurion Corporation Limited to attend the completion ceremony of their Westlite Bukit Minyak facility – Penang’s maiden worker dormitory facility – on 29 January 2019. Westlite Bukit Minyak is the first of eight Centralised Accomondation Transit (CAT), also known as Purpose-Built Workers Accommodations (PBWA), to be built in Penang. We also visited the two industrial parks in Batu Kawan, which is home to the manufacturing arms of several MNCs in the medical devices, automobile and electronics and engineering (E&E) sectors.
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Check out our compilation of Target Prices