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Formation of corporate finance team brings new hope to Neo Group, says RHB

Michelle Zhu
Michelle Zhu • 2 min read
Formation of corporate finance team brings new hope to Neo Group, says RHB
SINGAPORE (Nov 14): RHB Research continues to rate catering firm Neo Group at “neutral” at an unchanged target price of 64 cents after its 2Q18 results, which were dragged down by newly-acquired subsidiary U-Market, was reported to come in at a loss o
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SINGAPORE (Nov 14): RHB Research continues to rate catering firm Neo Group at “neutral” at an unchanged target price of 64 cents after its 2Q18 results, which were dragged down by newly-acquired subsidiary U-Market, was reported to come in at a loss of $0.5 million.


U-Market is involved in the manufacturing of Joo Chiat Kim Choo rice dumplings, the trading and processing of meat products, as well as retail outlets.

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