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Sim Lian Group

FY09 core earnings of S$55m right in lineProvision of S$18m taken on Rochelle At NewtonNo more unlaunched sites, urgent need to landbankLack of liquidity limits institutional interest; retain 40% discount to RNAV of S$0.87 for TP of S$0.52, downgrade to HOLD with landbanking as catalystFY09 Core S$55m Right In Line.Sim Lian reported a FY09 PATMI ...

 

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