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Cityneon on track to meet earnings estimates despite higher gearing, says UOB

Michelle Zhu
Michelle Zhu2/28/2018 10:43 AM GMT+08  • 2 min read
Cityneon on track to meet earnings estimates despite higher gearing, says UOB
SINGAPORE (Feb 28): UOB Kay Hian is maintaining its “buy” call on Cityneon Holdings while putting its target price of $1.55 under review, pending the group’s results briefing later today.
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SINGAPORE (Feb 28): UOB Kay Hian is maintaining its “buy” call on Cityneon Holdings while putting its target price of $1.55 under review, pending the group’s results briefing later today.

This comes after Cityneon recorded a net profit to shareholders of $17.4 million for FY17, which were slightly above the research house’s expectations on a 187% increase in sales from the intellectual property rights (IPR) segment.


See: Cityneon FY17 earnings hit record high of $17.4 mil

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