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DBS keeps Chip Eng Seng at 'fully valued' following positive 2Q earnings results

Samantha Chiew
Samantha Chiew • 3 min read
DBS keeps Chip Eng Seng at 'fully valued' following positive 2Q earnings results
SINGAPORE (Aug 6): DBS is reiterating its “fully valued” recommendation on construction and property group Chip Eng Seng (CES), with a target price of 75 cents.
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SINGAPORE (Aug 6): DBS is reiterating its “fully valued” recommendation on construction and property group Chip Eng Seng (CES), with a target price of 75 cents.

This came following the group announcing that it has turned over earnings of $11.1 million in 2Q18, compared to a loss of $2.56 million in 2Q17 post restatement.

This brings 1H18 earnings to $17.2 million, 181.9% higher than $6.09 million a year ago.

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