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Vard's ratings cut as recovery drags
Published Wed, Oct 15, 2014 · 09:50 PM
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Singapore
THE third-quarter negative profit guidance Vard Holdings released on Tuesday has confirmed analysts' fears that the group's recovery may be stalled, prompting some to cut their ratings of the firm's stock.
In its statement to SGX, Vard explained that slower-than-expected improvements in throughput and p…
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