Tuesday 1 December 2015

Super Group - RHB Invest 2015-12-02: Weak Blend Of Profit

Super Group - RHB Invest 2015-12-02: Weak Blend Of ProfitSUPER GROUP LTD S10.SI 

Super Group (SUPER SP) - Weak Blend Of Profit 

  • We believe competitive pressure remains intense in its key branded consumer markets. 
  • Without a breakthrough in major new products or markets, substantial profit growth is unlikely to materialize at this stage. 
  • In the near-term, investment costs to promote its new Essenso MicroGround Coffee may put pressure on margins. 
  • We maintain SELL, with a TP of SGD0.67 (maintained). 
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