Tuesday, September 7, 2010

HOT STOCK - KIM ENG says SPH - Money Mind

HOT STOCK - KIM ENG says SPH is on course to report a record net profit for FY Aug10 when it announces its full-year results, likely on 12 October. Our page count shows that sales growth in the fourth quarter moderated somewhat, but the Singapore growth story will continue to sustain print advertising demand. Catalysts lie on the property front. BUY with a target price of $4.62. - KIM ENG

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