Shares & Derivatives
Religare Health Trust
By Mr. IPO  •  November 29, 2012
It is sheer amazing to see the number of initiation reports being issued on Religare this week.


There are 4 initiation reports!

CIMB - long term outperform with a price target of 95c. The report is here.

DBS - Buy for 10% yield and 97c target. The report is here. To give it due credit, i think it was the first to issue the initiation report.

Nomura - Buy with a target price of 93c. The report is here.

Standard Chartered - Buy with a target price of 96c.  


Share Chart


I spotted this counter yesterday but somehow just couldn't bring myself to invest in this company for the SRS portfolio. I do think downside is probably limited for now.  A break above 85 will be bullish.
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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