Brokers' take
Add BT as a preferred sourceKSH Holdings | Buy Target price: S$1.04 June 7 close: S$0.66 UOB Kay Hian, June 7
KSH's Q4 FY18 results came in above expectations with full-year profit exceeding our forecast by 19.1 per cent. Despite the fall in revenue, construction margins expanded. Singapore's outlook generally looks positive, so performance at the upcoming launches should be a catalyst.
Moving ahead, all eyes will be on the sales of the Riverfront Residences (formerly Rio Casa) and Park Colonial (formerly Woodleigh Lane) by end of this month. A solid sales showing will translate into continued earnings performance.
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