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Outlook remains sunny for Sunningdale despite forex loss, says DBS

Michelle Zhu
Michelle Zhu • 2 min read
Outlook remains sunny for Sunningdale despite forex loss, says DBS
SINGAPORE (Nov 10): DBS continues to like Sunningdale Tech for its advanced manufacturing capabilities, global manufacturing footprint and scale, even as the group’s recent headline numbers for 3Q17 missed expectations on foreign exchange (forex) losses
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SINGAPORE (Nov 10): DBS continues to like Sunningdale Tech for its advanced manufacturing capabilities, global manufacturing footprint and scale, even as the group’s recent headline numbers for 3Q17 missed expectations on foreign exchange (forex) losses.


The research house continues to rate it at “buy” with an unchanged target price of $2.70, based on a global average of 13 times FY18F P/E.

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