In his initiation report dated March 9, Ng says that with a dividend yield of 4.1% supported by a robust free cash flow yield of 14%, Audience Analytics is a “rare value-growth gem” with a highly scalable business that has compounded its earnings at a 2018 to 2022 compound annual growth rate (CAGR) of 28%.
Lim & Tan Securities analyst Ng Yong Rui has initiated his coverage of Audience Analytics (SGX:1AZ
) with a “buy” recommendation and a target price of 42.5 cents.
Audience Analytics listed on the Singapore Exchange’s (SGX) Catalist board in September 2021. It is a holding company that provides exhibitions, conferences, digital and print media, and business analytics services through its subsidiaries.
