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Tat Hong kept at ‘hold’ by OCBC as outlook remains mixed

Samantha Chiew
Samantha Chiew8/17/2017 1:23 PM GMT+08  • 2 min read
Tat Hong kept at ‘hold’ by OCBC as outlook remains mixed
SINGAPORE (17 Aug): OCBC is maintaining its “hold” rating on Tat Hong Holdings with a fair value of 37 cents.
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SINGAPORE (17 Aug): OCBC is maintaining its “hold” rating on Tat Hong Holdings with a fair value of 37 cents.

This followed the announcement of the group’s 1Q18 results which revealed softness in its business with some bright spots.

Despite the group’s widening loss of $5.1 million mainly due to the absence of tax benefits in this quarter, it reported a 1% y-o-y increase in revenue to $118.3 million.

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