Brokers' take

Tat Hong Holdings | Hold

April 20 close: S$0.64

Target price: S$0.63

OCBC Investment Research, April 20

Tat Hong issued a profit guidance statement last Friday evening as the group expects to report a loss for Q4 FY15, attributed to weak performance of its Australia wholly-owned subsidiary amid challenging business conditions due to the slowdown in Australia's economy and mining sector. Hence, the group is also expected to recognise significant charges for the impairment of goodwill and assets, which is non-cash in nature. With that said, the group expects to remain profitable for FY15, citing a stable underlying performance . . …