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Home / Capital / Brokers Calls

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

Broker's Calls

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

Atiqah Mokhtar Published on Thu, Sep 02, 2021 / 9:54 AM GMT+8

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.