Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 12 Mar 2014
Wing Tai Malaysia; Hold; RM2.09
Price target:RM2.25 (Prev RM2.65); WING MK
Headwinds ahead
Sluggish KL sales, Le Nouvel launch delayed again. Weaker consumer sentiment to affect retail sales; margins dragged by start-up costs. Downgrade to HOLD from BUY, cut TP to RM2.25.
Source: HwangDBS Research - 12 Mar 2014
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