18 May 2016
Reassuring AGM update
An in line AGM update from Churchill China this morning. Given wider global macro slowdown and mixed UK consumer newsflow over recent months, this is a reassuring update we feel. It reflects favourably on the strength of Churchill’s proposition and ongoing drive to augment international sales through NPD and new account wins. We make no forecast changes at this juncture, anticipating 10% EPS growth in FY16. We see ST fair value at 820p.
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Reassuring AGM update
Churchill China plc (CHH:LON) | 1,210 121 0.8% | Mkt Cap: 133.1m
- Published:
18 May 2016 -
Author:
Sahill Shan -
Pages:
3
An in line AGM update from Churchill China this morning. Given wider global macro slowdown and mixed UK consumer newsflow over recent months, this is a reassuring update we feel. It reflects favourably on the strength of Churchill’s proposition and ongoing drive to augment international sales through NPD and new account wins. We make no forecast changes at this juncture, anticipating 10% EPS growth in FY16. We see ST fair value at 820p.