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Brokers' take

39124213.1 (39370412) - 08_08_2016 - SMRT CORP-M&A_TEMASEK.jpg
SMRT Corporation's Q1FY17 revenue fell 2.0 per cent y-o-y to S$313.9 million due to declines recorded from core rail (-2.2 per cent) and bus (-4.4 per cent) operations.

China Aviation Oil (CAO) (Singapore) | Neutral (Downgrade)

Aug 10 close: S$1.535

Target price: S$1.56

RHB Securities Research, Aug 10

We increase 2016-18 profit by 15-28 per cent to account for higher profit