SINGAPORE (June 15): DBS Group Research is sticking to its 'buy' call for Cityneon Holdings, with a target price of $1.05.
The research house has also raised earnings forecast for FY16 and FY17 by 11% and 4% respectively to incorporate contribution from the Singapore set.
Cityneon currently has Intellectual Property (IP) rights for 2 Walt Disney franchises: Transformers and The Avengers. It has two permanent sets in Las Vegas and two travelling sets.
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