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Buy UnUsUaL despite its 'ugly' earnings, says RHB

Amala Balakrishner
Amala Balakrishner6/11/2020 12:27 PM GMT+08  • 3 min read
Buy UnUsUaL despite its 'ugly' earnings, says RHB
Say RHB's Seet and Lee, “earnings ahead will likely continue to be ugly, but we maintain ‘buy’ due to the long-term prospects”.
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SINGAPORE (June 11): Measures restricting the holding of concerts and large scale productions has not soured RHB Securities’ appetite for UnUsUaL.

“We think that these setbacks are just temporary, and the long-term demand for concerts will continue to rise after the coronavirus has been continued,” analysts Jarick Seet and Lee Cai Ling say in a June 11 note.

“This may represent an opportunity for investors to collect at more attractive price levels for longer-term holding, as most downsides have been priced in,” they elaborate.

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