SINGAPORE (Feb 22): CIMB Research continues to keep its “add” recommendation on Auric Pacific Group with an unchanged target price of $1.96 after the group on Tuesday posted a turnaround in FY16 with $72 million in earnings, which was largely in line with the research house’s expectations.
(See also: Auric Pacific back in the black with FY16 earnings of $7.2 mil)
Auric Pacific is an investment holding company which owns and operates a range of businesses including the Food Junction chain of food courts.
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