SINGAPORE (Nov 1): OCBC Investment Research is maintaining its “hold” call on Roxy-Pacific Holdings while revising its fair value downwards to 41 cents from 44 cents previously, after the release of the group’s 3Q18 results on Wednesday.

The move comes even after Roxy saw its earnings more than double on-year to $4.4 million in the latest quarter under review due to a surge in gross profit margins on the back of higher contributions from the hotel ownership segment.

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