Stock Name: KingsmenC
Company Name: KINGSMEN CREATIVES LTD
Kingsmen’s order book remains healthy, with total contract wins amounting to about $197 million as at Aug 10, OCBC said.
Company Name: KINGSMEN CREATIVES LTD
| Research House: OCBC | Price Call: HOLD | Target Price: 0.71 |
OCBC Investment Research has raised its target price for Kingsmen Creatives to S$0.71 from $0.575 and kept its hold rating.
Kingsmen Creatives said its second-quarter net profit fell 2.8% to $4.5 million from $4.6 million a year ago.
However, OCBC said Kingsmen Creatives’ earnings exceeded its expectations and it expects the firm to see a stronger second half performance due mainly to increased demand from its retail clients before the year-end festive season.
However, OCBC said Kingsmen Creatives’ earnings exceeded its expectations and it expects the firm to see a stronger second half performance due mainly to increased demand from its retail clients before the year-end festive season.
Kingsmen’s order book remains healthy, with total contract wins amounting to about $197 million as at Aug 10, OCBC said.
The brokerage has raised its earnings estimates for Kingsmen by 18.9% for 2011 to account for higher gross profit margins.
At 9:31 a.m., shares of Kingsmen were 1.8% higher at $0.565, and have fallen 1.7% since the start of the year.
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