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More near-term volatility lies ahead for GL Limited

Broker's Calls

More near-term volatility lies ahead for GL Limited

Michelle Zhu Published on Wed, Jan 25, 2017 / 2:56 PM GMT+8

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SINGAPORE (Jan 25): CIMB continues to rate GL Limited at “hold” with a lower target price of 84 cents from 86 cents previously, after the hospitality and leisure group holding company last week posted a 52% decline in 1H17 earnings on lower sales.

(See also: GL posts 52% earnings decline in 1H17 on lower sales)

In a Tuesday report, analysts Roy Chen and William Tng say the group’s latest set of results came in line with CIMB’s expectations.

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