Thursday, March 31, 2016

Super Group

Super Group: CIMB downgrades to Reduce, from Add, despites raising TP to 96¢ from 86¢, implying that positives have been priced in.

Recovery is based on stabilisation of the branded consumer business and improvement in margins. To expect sales growth more than 10% is a bit of a stretch, the house opines.

The house suggests there will be a better time to revisit Super

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