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Jadason kept at 'add' despite earnings miss, uncertainties ahead

Stanislaus Jude Chan
Stanislaus Jude Chan5/16/2018 02:17 PM GMT+08  • 2 min read
Jadason kept at 'add' despite earnings miss, uncertainties ahead
SINGAPORE (May 16): CGS-CIMB Securities is keeping its “add” recommendation on Jadason Enterprises, despite an abysmal 1Q which saw earnings come in at 0.6% of the brokerage’s full-year forecast.
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SINGAPORE (May 16): CGS-CIMB Securities is keeping its “add” recommendation on Jadason Enterprises, despite an abysmal 1Q which saw earnings come in at 0.6% of the brokerage’s full-year forecast.

Jadason saw its earnings plunge 93% to $21,000 for 1Q18, from $0.3 million a year ago.

1Q18 revenue dipped slightly by 1% to $13.2 million, even as cost of sales rose 5% to $11.2 million.

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