Neo Group

Results

Neo Group doubles 3Q earnings to $3.5 mil

SINGAPORE (Feb 12): Neo Group Limited has reported that earnings for its 3QFY2020 ended Dec 31 2019 doubled to $3.5 million.

Investing ideas

Higher costs bite F&B earnings; overall pie growing, but shift towards lower end seen

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses.

Property

Neo Group to consolidate & shift operations to upcoming high-tech facility at Jurong

SINGAPORE (Mar 15): Catering company Neo Group is moving from its headquarters from Enterprise Road to 30B Quality Road at Jurong, where the group intends to construct a high-tech catering hub and

Results

Neo Group posts 17.7% drop in 3Q earnings to $1.7 mil

SINGAPORE (Feb 13): Neo Group, the integrated food solutions provider, recorded 3Q18/19 earnings of $1.7 million, 17.7% lower than $2.1 million in 3Q17/18.

Broker's Calls

RHB ceases coverage on Neo Group on low interest and trading liquidity

SINGAPORE (Nov 28): RHB is ceasing its coverage on events F&B caterer Neo Group due to low interest and trading liquidity of the stock.

M&A

Neo Group acquires 51% stake in How’s Catering for $4.4 mil

SINGAPORE (Sept 10): Neo Group is acquiring a 51% stake in Ye Liang How Catering Service or How’s Catering for $4.4 million.

The existing owners is retaining the remaining 49% stake.

Results

Neo Group posts 7.8% fall in 4Q earnings to $2.5 mil; declares 1 cent final dividend

SINGAPORE (May 23): Neo Group has reported a 7.8% fall in 4Q18 earnings to $2.49 million from $2.70 million in 4Q17.

M&A

Neo Group acquires 51% stake in Lavish Dine for $1.8 mil

SINGAPORE (Apr 16): Neo Group announced that it will be acquiring a 51% stake in Lavish Dine Catering for $1.79 million.

Broker's Calls

Neo Group's 3Q earnings up but high gearing still a worry

SINGAPORE (Feb 9): RHB is maintaining its “neutral” call on Neo Group with a target price of 64 cents, given the group’s 3Q18 results came in line with the house's expectations.

Results

Neo Group's 3Q earnings surge to $2.08 mil on absence of one-off loss

SINGAOPORE (Feb 7): Neo Group says 3Q earnings surged to $2.08 million from $0.13 million a year ago which recorded a one-off loss on disposal of 14 Senoko Way for $5.2 million.

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