SuperGrp

SuperGrp: UOB Kay Hian maintains Buy with $3.00 TP. House hosted a series of investor meetings with Super Group during recently-concluded UOBKH Asia Consumer Day. Note that steady growth from its core markets and potential upside from its re-branding exercise could see upward revisions in 2013/14 consensus earnings. Conservatively project a 3-year EPS CAGR of 20.6%. TP is a street-high of $3.00 based on a 1.0x PEG valuation. Super remains on conviction BUY list with potential catalysts from consensus upgrades, M&A and rising dividends. Maintain BUY and target price of $3.00.