Monday, March 18, 2013

Sound Global

Sound Global: StanChart maintains Outperform. Notes at 8x FY13e P/E, the stock is trading 44% below its mid-cycle valuation and remains attractive in comparison to its peers. Believes outlook is positive, particularly as expansion in the Build-Operate-Transfer (BOT) segment could provide a re-rating opportunity in the long term. Adds recent top mgt changes are a catalyst for improvements.

No comments:

Post a Comment