Despite United Global’s positive set of results for 1HFY2021 ended June 30, analysts have continued to be less than optimistic on the engine lubricant company.

SAC Capital has maintained its “hold” rating for the stock with an unchanged target price of 44.5 cents.

On Aug 11, United Global reported a 91.9% surge in earnings to about US$3.2 million in 1HFY2021 from a year ago.

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