SINGAPORE (Jan 9): UOB Kay Hian expects Cityneon Holdings to reap the benefits from the acquisition of the already successful Jurassic World exhibition in the new year, bolstered by a lucrative advertising deal.
Management’s ability to execute in this competitive landscape also gives shareholders confidence going into 2018.
Last year had been an eventful year for Cityneon, says analyst Nicholas Leow in a Tuesday report. The group signed a term sheet with Fabulous Inc to set up a digital media signage board at the Marvel exhibit in Las Vegas. The project is for five years plus an option to renew the term for another five years in a contract worth a guaranteed minimum of US$15 million ($20 million).
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