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Big killing for mm2 Asia in FY17, bigger expectations next

PC Lee
PC Lee5/24/2017 04:00 PM GMT+08  • 2 min read
Big killing for mm2 Asia in FY17, bigger expectations next
SINGAPORE (May 24): DBS Vickers is maintaining its “buy” call on mm2 Asia with 70 cents target price on a strong set of FY17 results.
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SINGAPORE (May 24): DBS Vickers is maintaining its “buy” call on mm2 Asia with 70 cents target price on a strong set of FY17 results.

DBS now expects a 52% CAGR for EPS from FY16-FY19, supported by growth in productions, expansion into the China market, and contribution from UnUsUaL.

To recap, mm2 Asia reported a more than doubling of FY17 earnings of $18.8 million due to better margins. This was 13% above DBS’s expectations.

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