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Cityneon gets a boost from IP power

Broker's Calls

Cityneon gets a boost from IP power

Michelle Zhu Published on Mon, Aug 15, 2016 / 12:24 PM GMT+8

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SINGAPORE (Aug 15): UOB Kay Hian is keeping its “buy” call on Cityneon Holdings with a higher target price of $1.15 from $1.02 previously.

This comes after the group recorded $4.7 million in earnings compared to a loss of $0.7 million a year ago.

Cityneon’s fully-owned subsidiary, Victory Hill Exhibitions (VHE), raked in about $10.2 million in sales that contributed to about 22% of total group sales for 1H.

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