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Spackman to be the sleeper hit of financial reporting seasons ahead

Michelle Zhu
Michelle Zhu5/16/2017 12:33 PM GMT+08  • 3 min read
Spackman to be the sleeper hit of financial reporting seasons ahead
SINGAPORE (May 16): RHB is maintaining its “buy” call on Spackman Entertainment Group with a target price of 27 cents, while noting that the stock is currently trading at a much lower valuation versus local peers and has a positive outlook.
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SINGAPORE (May 16): RHB is maintaining its “buy” call on Spackman Entertainment Group with a target price of 27 cents, while noting that the stock is currently trading at a much lower valuation versus local peers and has a positive outlook.

To recap, the group on Monday announced 1Q earnings of $7.6 million, reversing from its net loss position in the same quarter a year ago after recognising earnings from its blockbuster movie, Master, as well as a US$3 million gain from the disposal of its Spackman Media Group (SMG) shares in relation to its latest acquisition.

(See also: Spackman Entertainment out of the red with 1Q earnings of $7.6 mil)

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