CCX city chic collective limited
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this morning from broker GS,We revise our FY20E/FY21E/FY22E NPAT...

  1. HSP
    5,051 Posts.
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    27/08/20
    09:32
    Post #: 46855062
    this morning from broker GS,

    We revise our FY20E/FY21E/FY22E NPAT forecasts by
    +21%/+19%/+8% to factor in CCX’s trading update and equity
    raising, but not the potential acquisition of Catherines. CCX’s clear
    intent to make strategic investments with this capital sees us
    increase our target multiples to CCX’s forward earnings, detailed
    inside. Our revised 12-month target price of A$4.15 (previously
    A$3.20) provides potential 19% upside. Retain our Buy rating
    CCX Price at posting: $3.30 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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