SINGAPORE (Nov 18): Improvement of profitability of core business and growth of underlying sales have prompted OCBC to keep its “buy” call on QAF Limited with a fair value of $1.27.

In a Tuesday report, OCBC says QAF’s 3Q15 results came in within its expectations.

Revenue was down 5% y-o-y to $243.2 million due to FX translation effects, while PATMI rose 30% to $10.5 million.

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