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Small is beautiful for Roxy-Pacific

Samantha Chiew
Samantha Chiew5/15/2018 04:10 PM GMT+08  • 2 min read
Small is beautiful for Roxy-Pacific
SINGAPORE (May 15): OCBC Investment Research is reiterating its “buy” rating on Roxy-Pacific with a fair value estimate of 60 cents.
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SINGAPORE (May 15): OCBC Investment Research is reiterating its “buy” rating on Roxy-Pacific with a fair value estimate of 60 cents.

This came on the back of the group announcing that its 1Q18 earnings have increased 19% to $7.0 million, compared to $5.91 million in 1Q17.

Revenue came in at $46.4 million, 29% lower than $65.4 million a year ago, mainly due to lower contribution from the Property Development and Property Investment segments, partially offset by higher revenue from Hotel Ownership segment.

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