Emperador's Share Price Likely Face More Downside Risks -- Market Talk

Dow Jones

2024/10/01

0345 GMT - Emperador's share price likely faces more downside risks, UOB Kay Hian analyst Llelleythan Tan says in a research report as the brokerage downgrades the stock's rating to sell from hold and cuts the target price to S$0.300 from S$0.480. The Singapore-listed beverage company's 1H results were weak, dragged by its brandy and Scotch whisky segments as demand remains weak, the analyst says. Also, increased promotional activities and higher interest costs continue to pressure Emperador's overall margins, the analyst says. Given no near-term catalysts and continued headwinds, the stock looks overvalued at current levels, the analyst adds. Shares are unchanged at S$0.435. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 30, 2024 23:46 ET (03:46 GMT)

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The Singapore-listed beverage company's 1H results were weak, dragged by its brandy and Scotch whisky segments as demand remains weak, the analyst says. Also, increased promotional activities and higher interest costs continue to pressure Emperador's overall margins, the analyst says. Given no near-term catalysts and continued headwinds, the stock looks overvalued at current levels, the analyst adds. Shares are unchanged at S$0.435. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 30, 2024 23:46 ET (03:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Emperador's Share Price Likely Face More Downside Risks -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEmperador's Share Price Likely Face More Downside Risks -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-01 11:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0345 GMT - Emperador's share price likely faces more downside risks, UOB Kay Hian analyst Llelleythan Tan says in a research report as the brokerage downgrades the stock's rating to sell from hold and cuts the target price to S$0.300 from S$0.480. The Singapore-listed beverage company's 1H results were weak, dragged by its brandy and Scotch whisky segments as demand remains weak, the analyst says. Also, increased promotional activities and higher interest costs continue to pressure Emperador's overall margins, the analyst says. Given no near-term catalysts and continued headwinds, the stock looks overvalued at current levels, the analyst adds. Shares are unchanged at S$0.435. 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The Singapore-listed beverage company's 1H results were weak, dragged by its brandy and Scotch whisky segments as demand remains weak, the analyst says. Also, increased promotional activities and higher interest costs continue to pressure Emperador's overall margins, the analyst says. Given no near-term catalysts and continued headwinds, the stock looks overvalued at current levels, the analyst adds. Shares are unchanged at S$0.435. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 30, 2024 23:46 ET (03:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}