Home Capital Broker's Calls

Neo Group left to simmer as group digests recent acquisitions

PC Lee
PC Lee5/26/2017 12:26 PM GMT+08  • 2 min read
Neo Group left to simmer as group digests recent acquisitions
SINGAPORE (May 26): RHB is maintaining its “hold” call on Neo Group with 62 cents target price as it expects the group to slow down on its acquisitions, given its high gearing ratio.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 26): RHB is maintaining its “hold” call on Neo Group with 62 cents target price as it expects the group to slow down on its acquisitions, given its high gearing ratio.

In a Friday report, analyst Juliana Cai says FY17 core earnings excluding one-off items, came in line with the broker’s expectations.

Cai is also relieved that its CEO has indicated that the group would focus more on growing bottomline instead of chasing revenue.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.