“Underwhelming Result”, page-15

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15 Jul at 9:10 am

FNArena

NEA - NEARMAP LTD

Morgan Stanley rates NEA as Overweight (1) - Preliminary indications suggest FY19 results are in line with Morgan Stanley's estimates. Break-even on cash flow, excluding the capital raising, has been achieved. The company will release its results on August 21.

Overweight rating, In-Line industry view and $4.20 target maintained.

Target price is $4.20 Current Price is $3.34 Difference: $0.86 If NEA meets the Morgan Stanley target it will return approximately 26% (excluding dividends, fees and charges). Current consensus price target is $4.21, suggesting upside of 26.0%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY20:

Morgan Stanley forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 3.00 cents .At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 111.33. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -2.2, implying annual growth of N/A.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is N/A.Forecast for FY21:

Current consensus EPS estimate is N/A, implying annual growth of N/A.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is N/A.Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources