United Global saw its full-year earnings rise 62.5% to US$9.2 million ($12.1 million) for the FY17 ended December, on the back of a 9.0% rise in group revenue to US$99.8 million.
SINGAPORE (Mar 1): SAC Advisors is keeping its “buy” call on United Global with an unchanged target price of 50 cents after yet another earning beat from the lubricant manufacturer and trader.
“Despite already upgrading our numbers in October last year to account for the strong 1H results, [United Global] still managed to report full-year net profit ahead of our estimates,” says analyst Terence Chua in a Thursday report.
