Despite the group’s widening loss of $5.1 million mainly due to the absence of tax benefits in this quarter, it reported a 1% y-o-y increase in revenue to $118.3 million.
SINGAPORE (17 Aug): OCBC is maintaining its “hold” rating on Tat Hong Holdings with a fair value of 37 cents.
This followed the announcement of the group’s 1Q18 results which revealed softness in its business with some bright spots.
