Churchill’s FY15 YE trading update makes positive reading. The group geographically outperformed in H2 and thus cites a full year outcome ahead of market expectations. We lift our 3 year PBT forecasts by 6%-11%, thereby sustaining one of the key tenets of the investment case of the last 3 years - positive forecast momentum. Churchill has good momentum going into FY16 and new capacity is scheduled to come on stream in H2 to support mid-term growth. The positive overall tenor is supportive of the ....
08 Jan 2016
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Churchill China plc (CHH:LON) | 1,165 0 0.0% | Mkt Cap: 128.1m
- Published:
08 Jan 2016 -
Author:
Sahill Shan -
Pages:
4
Churchill’s FY15 YE trading update makes positive reading. The group geographically outperformed in H2 and thus cites a full year outcome ahead of market expectations. We lift our 3 year PBT forecasts by 6%-11%, thereby sustaining one of the key tenets of the investment case of the last 3 years - positive forecast momentum. Churchill has good momentum going into FY16 and new capacity is scheduled to come on stream in H2 to support mid-term growth. The positive overall tenor is supportive of the ....