Cai is also relieved that its CEO has indicated that the group would focus more on growing bottomline instead of chasing revenue.
SINGAPORE (May 26): RHB is maintaining its “hold” call on Neo Group with 62 cents target price as it expects the group to slow down on its acquisitions, given its high gearing ratio.
In a Friday report, analyst Juliana Cai says FY17 core earnings excluding one-off items, came in line with the broker’s expectations.
