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