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Robust residential property launch pipeline keeps Amara at 'buy'

Samantha Chiew
Samantha Chiew5/16/2018 10:55 AM GMT+08  • 3 min read
Robust residential property launch pipeline keeps Amara at 'buy'
SINGAPORE (May 16): RHB is maintaining its “buy” call on Amara Holdings with a target price of 88 cents.
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SINGAPORE (May 16): RHB is maintaining its “buy” call on Amara Holdings with a target price of 88 cents.

This follows the group's announcement that 1Q18 earnings increased 32% to $2.1 million from $1.6 million in 1Q17 on higher revenue and forex gains.

Revenue for the quarter grew 13% to $22.6 million compared to restated 1Q17 revenue of $20 million a year ago, lifted by higher contributions from its Hotel Investment and Management segment.

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