SINGAPORE (Nov 28): RHB is ceasing its coverage on events F&B caterer Neo Group due to low interest and trading liquidity of the stock.

The research house’s last recommendation on the stock was “neutral” with a target price of 64 cents.

Currently, the group’s core brands include Neo Garden, Orange Clove and Deli Hub. It also ventured into food manufacturing and food trading & supplies with the acquisition of Thong Siek, CT Vegetables and U Market, amongst others.

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