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17Live Group - Phillip Securities 2024-08-19: Bottom Line Turned Black

17Live Group - Bottom Line Turned Black

Published:
17LIVE (SGX:LVR) | SGinvestors.io17LIVE (SGX:LVR)
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  • Net income for 1H24 was US$1.9mil, missing our expectations and accounting for 16% of our FY24e estimates. The decline was primarily due to a one-off marketing expense in 1Q24, which compressed the operating margin further to 1.3% (-7.3% y-o-y). We expect ~US$12mil in savings from R&D, with the full effect anticipated in 2H24, which should improve the operating margin to around 5% in FY24.
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    • The Positives

    Spike up in V-liver revenue.

    • Read more at SGinvestors.io.



    Above is an excerpt from a report by Phillip Securities Research.
    Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.



    Liu Miao Miao Phillip Securities Research | Paul Chew Phillip Securities | https://www.stocksbnb.com/ 2024-08-19


    Read also Phillip's most recent report:
    2026-01-30 17Live Group - Removing Exclusivity To Unlock Liver Monetisation.

    Previous report by Phillip:
    2025-10-13 17LIVE Group - Growth From Cash Cow Businesses.

    Price targets by other brokers at 17LIVE Target Prices.

    Listing of research reports at 17LIVE Analyst Reports.

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    17LIVE Share Price History,
    17LIVE Announcements,
    17LIVE Dividend Payout Dates & Corporate Actions,
    17LIVE News



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