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BUY: DBS Vickers - Jun 02, 2008 (ST)

BackJun 02, 2008

Brokers' Take

BUY: DBS Vickers




Jun 02, 2008
The Straits Times

 

DBS sees attractive valuations for SPH

DBS Vickers believes Singapore Press Holdings (SPH) is a good proxy for the country's firm economic outlook.

'We like SPH as a defensive play and believe that valuations at this level make it attractive for investors to accumulate,' said analyst Paul Yong.

He maintained a 'buy' call on SPH, but cut its target price from $5.80 to $5.65 after factoring in higher newsprint costs.

DBS VICKERS, May 3
Rating: BUY