However, revenue dropped 3.4% y-o-y to $20.5 million, mainly due to weaker student enrolments, but the decline has narrowed compared to the 4.6% decline in 1Q18.
SINGAPORE (May 8): UOB KayHian is keeping its “buy” call on Overseas Education (OEL) with a target price of 46 cents.
OEL yesterday announced that its 1Q19 earnings have increased by 9.65 to $2.1 million, compared to $1.9 million in 1Q18.
