PLC [M-PF +9.2%] - A pure dividend play given unexciting earnings outlook - Update
  • 22 Nov 2016
  • Company Research
We downgrade the stock to a MARKET PERFORM rating based on a +9.2% Total Return. 2016 EPS is expected to drop 39.1% due to weakness in asphalt sales volume, a cooling off in private investment into BOT projects and strained public finances that have stymi