Cityneon Holdings *Official* (SGX:5HJ)

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http://www.theedgemarkets.com/sg/article/cityneon-says-uob-kay-hians-buy-call-may-have-sparked-rally-shares

SINGAPORE (April 15): Event services provider Cityneon Holdings says a "buy" call by UOB Kay Hian may have sparked a rally in its shares on Friday.

UOB Kay Hian had initiated coverage on the stock and published a report with a target price of 72 cents.

In its report, the research house projected strong earnings growth ahead for the company after its September 2015 acquisition of Victory Hill Exhibitions.

The acquisition gave Cityneon the rights to use the "Avengers S.T.A.T.I.O.N." and "The Transformers Experience" franchises and open more exhibits based on Marvel comics and Transformers characters, according to UOB Kay Hian.

Aside from the broker report, Cityneon says it was not aware of any other possible explanation for the trading activity in its stock.

The stock closed 11.1% higher at 55 cents.

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winorlose

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wahkao3

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Perisher

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no revenue numbers on this avanger project leh....

Market is forward looking so need to come up with your own estimate from other examples of such moves in other companies. I'm not good at these estimates so don't ask me how to. :o
 

Kinetic88

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Market is forward looking so need to come up with your own estimate from other examples of such moves in other companies. I'm not good at these estimates so don't ask me how to. :o

just follow winorlose closely can liao. :s22:

anw, caveat emptor.
 

wahkao3

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Market is forward looking so need to come up with your own estimate from other examples of such moves in other companies. I'm not good at these estimates so don't ask me how to. :o

i m no good in forward looking and shall refraine from playing the forward looking game :o
 

wahkao3

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From business perspective, aren't cityneon and kingsmen creative quite the same?

yep looks like they are the same

the soon to be revenue growth from cityneon is non organic. it came from acquisition. acquisition is a form of financial engineering and often creates no real value for shareholders.
 

winorlose

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Yea if u follow them closely, the avengers station is heading to Las Vegas next
 
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