SINGAPORE (Dec 13): UOB KayHian is maintaining UnUsUaL at "buy" with a target price of 44 cents.

In a Friday report, lead analyst Llelleythan Tan says UnUsUaL is expected to experience a strong 3QFY20 due to substantial revenue contribution from its growing order book.

Sold-out shows from popular artistes such as Air Supply, four nights from Andy Lau, three nights of JJ Lin concerts and two nights from Eric Chou are set to boost UnUsUaL’s profit for 3QFY20. Management has also been in discussions with other up-and-coming artistes, potentially boosting its pipeline for 4QFY20 and beyond, says Tan.

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