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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Subscribe to Softlogic IPO, says JKSB

Subscribe to Softlogic IPO, says JKSB

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1Subscribe to Softlogic IPO, says JKSB Empty Subscribe to Softlogic IPO, says JKSB Mon Jun 06, 2011 7:57 am

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

John Keells Stock Brokers (JKSB) is recommending the Softlogic Holdings Ltd.’s Rs. 4 billion IPO as ‘subscribe.’ “At an issue price of Rs. 29, the counter trades at a P/Ex of 12.9x FY12E and 8.6x FY13E earnings which is a discount to peers despite offering superior near term earnings growth rates and exhibiting higher returns on equity. We recommend SUBSCRIBE,” JKSB said in a Research publication. Here are excerpts:

http://www.ft.lk/2011/06/06/subscribe-to-softlogic-ipo-says-john-keells-stock-brokers/

http://forum.srilankaequity.com/u188

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Subscribe to Softlogic IPO, says JKSB

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