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United Global 'powering ahead' after yet another earnings beat, says SAC Advisors

Stanislaus Jude Chan
Stanislaus Jude Chan3/1/2018 12:03 PM GMT+08  • 2 min read
United Global 'powering ahead' after yet another earnings beat, says SAC Advisors
SINGAPORE (Mar 1): SAC Advisors is keeping its “buy” call on United Global with an unchanged target price of 50 cents after yet another earning beat from the lubricant manufacturer and trader.
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SINGAPORE (Mar 1): SAC Advisors is keeping its “buy” call on United Global with an unchanged target price of 50 cents after yet another earning beat from the lubricant manufacturer and trader.

“Despite already upgrading our numbers in October last year to account for the strong 1H results, [United Global] still managed to report full-year net profit ahead of our estimates,” says analyst Terence Chua in a Thursday report.

United Global saw its full-year earnings rise 62.5% to US$9.2 million ($12.1 million) for the FY17 ended December, on the back of a 9.0% rise in group revenue to US$99.8 million.

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