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Brokers' take
Published Tue, Oct 6, 2015 · 09:50 PM
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Innovalues | Buy
Oct 6 close: S$0.64
Target price: S$1.02
Maybank Kim Eng Research, Oct 5
We think Innovalues' 30 per cent retreat from its peak reached after Q2 2015 results opens up a buying window. Valuations have retreated to seven times FY2016 earnings per share (EPS) and 5.6 per cent dividend yields.
The direct impact from the Volkswagen scandal is expected to be minimal, unless wider repercussions emerge fo…
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