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NRA Capital Pte Ltd

Written by: Jacky Lee

Wednesday 5 Aug 2015

IPO watch - CMC Infocomm Ltd

Spreading its wings

The IPO price of S$0.25 translates to over 40x FY09/15e annualized PER and 2.5x P/NAV. Though this seems expensive in the near-term,however, we recommend a ...

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