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Aspen reports 3.8 times growth in FY2020 earnings of RM71.4 mil; aims to accelerate rubber gloves manufacturing - THE EDGE SINGAPORE

Results

Aspen reports 3.8 times growth in FY2020 earnings of RM71.4 mil; aims to accelerate rubber gloves manufacturing

EPS for the 2HFY2020 and FY2020 stood at 8.55 sen and 7.16 sen respectively.

Broker's Calls

Robust balance sheet, healthy project pipeline keeps CIMB positive on Aspen

SINGAPORE (Nov 14): CIMB is maintaining its “add” call on Aspen (Group) Holdings with an unchanged target price of 29 cents, based on a 45% discount to RNAV of 53 cents after leaving FY17-19F earnings estimates unchanged.

Results

Aspen reverses out of the red in 2Q, posts earnings of $4.3 mil

SINGAPORE (Sept 7): Property developer Aspen Holdings swung back into the black in 2Q17 with earnings of RM13.4 million ($4.3 million) compared to a loss of RM751,000 in 2Q16.
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