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RHB expects stronger 2H for MindChamps Preschool on newly-acquired preschools

Samantha Chiew
Samantha Chiew8/21/2018 11:47 AM GMT+08  • 2 min read
RHB expects stronger 2H for MindChamps Preschool on newly-acquired preschools
SINGAPORE (Aug 21): RHB is maintaining its “buy” call on MindChamps Preschool with a lowered target price of 94 cents, mainly due to a lower sector valuation.
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SINGAPORE (Aug 21): RHB is maintaining its “buy” call on MindChamps Preschool with a lowered target price of 94 cents, mainly due to a lower sector valuation.

In a Tuesday report, analyst Juliana Cai says, “We believe MindChamps Preschool’s soft 1H18 results were largely due to seasonal factors, as student enrolment numbers were lowest in 1Q18 after the previous year’s graduation.”


See: MindChamps 2Q earnings double to $1.3 mil on higher revenue; to acquire 2 preschool centres in Sydney

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