SINGAPORE (Jan 9): UOB Kay Hian is reiterating its “buy” recommendation on UnUsUaL with a target price of 44 cents – implying a potential upside of 60% – as the concert production company looks poised to turn in a set of solid results for 3QFY2020 ended Dec 31, 2019.

“Sold-out shows from popular artistes such as JJ Lin, Eric Chou and Air Supply are expected to boost UnUsUaL’s profits for 3QFY2020,” says lead analyst Llelleythan Tan in a Jan 9 report.

UnUsUaL is expected to release its 3QFY2020 results next month.

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