SINGAPORE (May 3): CIMB is reiterating its “add” call on creative solutions provider Cityneon Holdings with an unchanged target price of $1.58 which is based on 14 times CY19F P/E, in line with the industry average.
The move follows news of the group securing a multi-year licensing deal with Lionsgate for The Hunger Games exhibit – which represents its fourth intellectual property (IP) acquisition after blockbuster franchises Universal Studios’ Jurassic World, Disney’s Marvel Avengers S.T.A.T.I.O.N, and Hasbro’s Transformers Autobot Alliance.
