VARD HOLDINGS LIMITED
MS7.SI
VARD Holdings: Issues profit warning for 3Q15 and FY15
- This morning, VARD Holdings issued a profit warning for its upcoming 3Q15 results, and FY15 results.
- Operational challenges at the Brazilian yards of the group, combined with the negative trend in the Brazilian economic and political environment, have meant that results for 3Q15 and FY15 “will be materially negatively affected”.
- The 3Q15 results will be out on 11 Nov 2015.
- Meanwhile, we maintain our SELL rating and S$0.41 fair value estimate on the stock.
Low Pei Han
OCBC Securities
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http://www.ocbcresearch.com/
2015-10-15
OCBC Securities
SGX Stock
Analyst Report
0.41
Same
0.41
