Brokers' take
Centurion Corporation Limited > Accumulate Phillip Securities Research, March 3 Target price: S$0.42 March 3 close: S$0.39
FOURTH quarter 2016 profit after tax and minority interests (Patmi) of S$2.9 million missed our Q4 2016 estimate of S$9.6 million by 70 per cent. Surprise came from higher valuation losses from Westlite Toh Guan. Proposed a final dividend of S$0.01 per share, payable on May 19, 2017. Downgrade to "Accumulate" from previous "Buy" rating with unchanged target price of S$0.42.
Kim Heng Offshore & Marine > Hold OCBC Investment Research, March 3 Target price: S$0.089 March 3 close: NA
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