Brokers' take
Singapore Myanmar Investco | Buy Fair value: S$0.665 Nov 16 close: S$0.455 OCBC Research, Nov 16
Singapore Myanmar Investco reported its 1HFY18 results on Tuesday; gross profit increased 52.5 per cent year-on-year to US$3.1 million, led by an increase in gross profit margin from 21.1 per cent in 1HFY17 to 26.6 per cent. The group recorded a net loss of US$2.1 million from continuing operations versus a net loss of US$1.6 million a year ago.
Notably, Duty Free & Fashion Retail and Construction Services made up 59.4 per cent of 1HFY18 revenue, with profit (before unallocated expense…
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