Equity Analysis /
Singapore

SG : GKE Corp Ltd - Good start to the year

    Khangchuen Ong
    Khangchuen Ong

    Research Analyst

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    CGS-CIMB
    14 January 2021
    Published byCGS-CIMB

    1HFY5/21 net profit of S$6.5m (+260% yoy) was above expectations, at 72% of our full-year forecast. GKE continues to ride on enhanced medical supply stockpiling in Singapore and China’s infrastructure boom. Reiterate Add, with a higher SOP-based TP of S$0.184.