SINGAPORE (May 18): RHB is maintaining its “neutral” call on Jadason with a lower target price of 5 cents.
The group’s 1Q18 earnings dropped 93% to $21,000 from $0.3 million in 1Q17.
Revenue was 1% lower y-o-y at $13.2 million, while cost of sales rose 5% to $11.2 million.
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