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'Buy' call on Zhongmin Baihui despite TWC advice

Published Tue, Mar 15, 2016 · 09:50 PM

Singapore

THE Singapore Exchange (SGX) has slapped a "Trade With Caution" (TWC) warning on the shares of Chinese department store operator Zhongmin Baihui Retail Group but one brokerage appears to be brushing that off.

Phillip Capital issued a note this week maintaining its "buy" call on the stock with a target price of S$1.73, without mentioning the TWC at all.

In its note on March 14, Phillip said that it was "positive" on Zhongmin Baihui for…

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Companies & Markets

Companies & Markets

'Buy' call on Zhongmin Baihui despite TWC advice

Companies & Markets

GE Aerospace raises earnings goal on strong engine sales

BRC Asia to buy 19.9% of steel reinforcement company for S$16 million

Lockheed Martin reports higher sales on strong defence demand

UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions

Euro at highest to yen since 2008, markets nervy over Tokyo stepping in

Apac Realty enters the Philippines with franchise agreement

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