Neo Group

SINGAPORE (Nov 14): RHB Research continues to rate catering firm Neo Group at “neutral” at an unchanged target price of 64 cents after its 2Q18 results, which were dragged down by newly-acquired subsidiary U-Market, was reported to come in at a loss o

SINGAPORE (Nov 10): Neo Group reported a loss of $0.5 million for 2Q17/18 compared to earnings of $3 million a year ago in 2Q16/17.

SINGAPORE (Aug 10): RHB is maintaining its “neutral” rating on Neo Group with a target price of 64 cents even though the group is expected to show stronger improvement in earnings in the coming quarters.

SINGAPORE (Aug 8): Neo Group reported 1Q18 loss narrowed 74% to $0.7 million from a loss of $2.5 million in 1Q17 as revenue grew 27.3% to $40.6 million.

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.

SINGAPORE (May 25): Neo Group reported $3.3 million in earnings for FY17, down 46% from the previous financial year.

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SINGAPORE (March 21): Events catering company Neo Group has entered into a subscription agreement to acquire a 51% enlarged interest in Hi-Q Plastic Industries for a total consideration sum of RM1.6 million ($0.5 million), which is equivalent to 416,327 n

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SINGAPORE (March 13): Neo Group has entered into exclusive dealing agreement in relation to the proposed acquisition of shares in Lavish Dine Catering.