Wednesday 29 June 2016

SGX Stock Tips : Cityneon's target price raised to $1.20 by DBS with 'buy' call .


SINGAPORE (June 29): DBS Group Research is maintaining its "buy" recommendation for Cityneon Holdings, with a higher target price of $1.20 from $1.05 previously.

DBS analyst Ling Lee Keng notes that the group has a forecast earnings growth of more than 300% from FY2015 to FY2018, and is "attractive to investors seeking growth and unique ideas in the entertainment industry."

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