GKE Corp will be releasing its results for the 2HFY2023 and FY2023 ended May 31 in the last week of July. While the analysts estimate that the company’s 2HFY2023 results will see improvement with a 64% y-o-y growth and 46% h-o-h improvement to a net profit of $1.5 million, they also see that its earnings are likely to have bottomed in FY2023.
CGS-CIMB Research analysts Kenneth Tan and Ong Khang Chuen are keeping their “hold” call on GKE Corp (SGX:595
) as they are expecting the company’s financial results for the FY2024 ending May 31, 2024, to remain weak.
In the same vein, Tan and Ong have lowered their target price on the company to 7 cents from 9 cents previously.
