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Improved outlook keeps TEE Land at 'overweight' despite 2Q loss

Samantha Chiew
Samantha Chiew3/9/2018 11:08 AM GMT+08  • 2 min read
Improved outlook keeps TEE Land at 'overweight' despite 2Q loss
SINGAPORE (Mar 9): NRA Capital is maintaining its “overweight” on TEE Land with a fair value of 28 cents given improved outlook for the property developer.
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SINGAPORE (Mar 9): NRA Capital is maintaining its “overweight” on TEE Land with a fair value of 28 cents given improved outlook for the property developer.

In a Friday report, analyst Liu Jinshu says, “We update on TEE Land following a significant improvement in its fundamentals.”

In 2Q18, TEE Land recorded a total loss of $5.22 million in 2Q18, compared to earnings of $394,000 in 2Q17, bringing 1H18 loss to $6.14 million from earnings of $1.04 million in 1H17.

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