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Oxley's FY21 results weaker than expected, but FY22 should be better: UOB Kay Hian

Atiqah Mokhtar
Atiqah Mokhtar9/2/2021 9:54 AM GMT+08  • 3 min read
Oxley's FY21 results weaker than expected, but FY22 should be better: UOB Kay Hian
UOB Kay Hian has kept its "buy" call for Oxley but with a lower target price.
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UOB Kay Hian analyst Adrian Loh has kept his “buy” call for Oxley Holdings unchanged after the company reported its FY2021 ended June results on August 26.

See: Oxley is back in the black in FY2021 with earnings of $13.1 mil

Noting that Oxley rebounded from a loss in FY2020 to post earnings of $13.1 million for FY2021, Loh highlights that the results were still weaker-than-expected due to one-off items as well as the voluntary administration of an Australian subsidiary.

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