In 2Q18, TEE Land recorded a total loss of $5.22 million in 2Q18, compared to earnings of $394,000 in 2Q17, bringing 1H18 loss to $6.14 million from earnings of $1.04 million in 1H17.
SINGAPORE (Mar 9): NRA Capital is maintaining its “overweight” on TEE Land with a fair value of 28 cents given improved outlook for the property developer.
In a Friday report, analyst Liu Jinshu says, “We update on TEE Land following a significant improvement in its fundamentals.”
