SINGAPORE (May 10): Lim & Tan Securities has started coverage on Overseas Education Limited (OEL) at “buy” with a target price of 48 cents, representing a 60% upside potential from the stock’s 30 cent share price. In an initiation report on Wednesday, the research house says it expects OE...

SINGAPORE (May 8): UOB KayHian is keeping its “buy” call on Overseas Education (OEL) with a target price of 46 cents. OEL yesterday announced that its 1Q19 earnings have increased by 9.65 to $2.1 million, compared to $1.9 million in 1Q18. However, revenue dropped 3.4% y-o-y to $20.5 million, ma...

SINGAPORE (April 23): UOB Kay Hian is starting coverage on Overseas Education Limited (OEL) at “buy” with a 46 cent price target, based on 10.4 times EV/EBITDA or a 15.4% discount to global peers’ 2019 average. In an initiation report on Tuesday, analyst John Cheong says he deems the stock’...