SVC [NON-RATED] - Real estate divestment to boost FY17 profit - Small Cap Research
We recommend accumulating SVC because of the following: SVC (Savico) is entrenched in the automotive market with Toyota and Ford brands. Strong macro environment fuels SVC’s sustainable development. After-sale services business has extensive room to expand. Real estate management revenue is achieving stable growth rate. Real estate divestments will boost earnings and protect shareholders from dilution.