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Brokers' take

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We upgrade our stance from "negative" to "neutral" as we believe price-to-book value (P/BV) valuations of -2SD (standard deviations) may have priced in earnings weakness, which is at a seven-year low since the global financial crisis.

Tat Hong Holdings | Hold

Sept 1 close: S$0.47

Target price: S$0.52

DBS Group Research, Sept 1

WE upgrade our stance from "negative" to "neutral" as we believe price-to-book value (P/BV) valuations of -2SD (