Softlogic Holdings IPO gets thumbs-up from Acuity Stockbrokers Research

Wednesday, 8 June 2011 00:53 - - {{hitsCtrl.values.hits}}

A research report by Acuity Stockbrokers Research states that with the consolidation and growth strategy of the Health Care sector and the growth expected from the Retail segment of Softlogic Holdings Limited, coupled with the Finance cost savings expected from retiring high cost debt by utilising IPO proceeds, the earnings of the Group should warrant more attractive earnings multiples, which makes the counter a Medium to Long Term investment.