CIMB issued a report on Signature a couple of hours ago:
Signature International | PDF The signs are here SIGN MK / SGNA.KL | ADD - Maintained | RM2.25 tp:RM4.23 Mkt.Cap:US$74.19m | Avg.Daily Vol:US$0.25m | Free Float:41.00% Construction | Author(s): Nigel FOO +60 (3) 2261 9069, ▊ Signature International was one of the top small-cap gainers in Mar, up 14.7% mom (FBMSC was down 2% mom). Even after the recent rally, the stock’s valuation is still attractive at only 6x 2016 P/E, with a 5-6% dividend yield. We maintain our EPS forecasts and target price, based on an unchanged 30% discount to SOP (to reflect its small cap and tight trading liquidity). Securing major jobs and expanding profit margins are potential re-rating catalysts for the stock. Signature remains an Add.
Dont worry about signature, it will be rerated soon, after hsc sells their shares, there will be no blockage, a superb low pe company like signature with good row and dividend yield shouldnt be ignored
SIGN under heavy selling by HSC, a substantial shareholder, yet share price still resilient. It's like a upstream-swimming fish. Once the tide flow with the fish, it can be powerful.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
greenday
210 posts
Posted by greenday > 2015-04-05 11:12 | Report Abuse
buy buy buy