Cityneon

Cityneon: (S$0.955) Deepens partnership with Walt Disney with Taiwan exhibition
- Signed term sheet with Beast Kingdom to host and operate four-month touring exhibition in Taiwan
- Comes after it recently announced the same attraction to Singapore (Oct '16) and Australia (Dec '17)
- Attests to popular demand for interactive movie attractions based on popular movie franchises such as Walt Disney's Avengers as well as close business ties with the media giant.
- Forward demand well supported by Marvel's phase 3 cinematic pipeline that stretches to May 2019
- Also looking to increase IP stable through its working relationship with Walt Disney
- Currently trading at 35x FY16e net profit of $6.7m. Street has 3 Buy ratings with TP of $1.10