CTD [M-PF +9%] - Another strong year ahead for leading private contractor - Initiation

Company Research

29 Jul 2016

We initiate CTD with a MARKET PERFORM rating. Although its strong backlog and improving margins will continue to support this year’s results, market multiples indicate the stock is fully valued. Several mega-projects and recent skyscraper The Landmark 81 confirm CTD’s leading position.
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