Cityneon Holdings

Cityneon was previously listed on the SGX before delisting in February 2019.

SINGAPORE (Aug 26): Cityneon Holdings, which was delisted from the Singapore Exchange (SGX) and privatised earlier this year, has gotten a shot in the arm from the investment arm of the Singapore Economic Development Board.

SINGAPORE (Jun 3): Avengers: Endgame may have smashed box-office records, but it disappointed some fans. One moviegoer was reported to have needed counselling because she was grief-stricken: Could Iron Man really be gone?

SINGAPORE (Oct 30): Cityneon Holdings has received a $1.30/share cash offer from executive chairman Ron Tan and Hongkong entrepreneur Johnson Ko Chun Shun to bring the company private.

SINGAPORE (Aug 13): Cityneon Holdings reported 2Q18 earnings more than doubled to $9.01 million compared to the 2Q17 restated earnings of $4.20 million, mainly due to lower cost of sales and income tax credit recognised during the quarter.

SINGAPORE (Aug 10): The trade war has become a reality as the US and China have imposed 25% tariffs on each other’s products worth US$34 billion ($46.4 billion) each.

SINGAPORE (Aug 6): DBS Vickers Securities is maintaining its “buy” call on Cityneon Holdings with a lower price target of $1.57 compared to $1.60 previously, after shifting earnings projections to blended FY18F and FY19F earnings instead of FY18F.

SINGAPORE (May 15): CGS-CIMB Research has downgraded Cityneon Holdings from “add” to “hold” and slashed its target price by around 27% to $1.16 on the back of expectations of higher depreciation and financing expenses ahead.

SINGAPORE (May 11): Cityneon Holdings announced an 80.4% surge in earnings to $4.0 million for the 1Q ended March from $2.2 million a year ago.

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.