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800 Super (SGX: 5TG)Catalist-listed environmental services provider 800 Super recently reported a $1.64m Q4 loss, reversing from a year ago profit of $2.72 million, with manpower cost coming in 20% higher than expected. The stock has dived 33 per cent over the last two days of August and is at its lowest over a one year period, down from a high of S$1.25 reached in mid-January 2018.
PhillipCapital said in its research note that the outlook was positive, adding that the loss reported in the fourth-quarter is an aberration and the business has not changed structurally.
On Sept 3, PhillipCapital cut its target price ...
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