On the other hand, the research house has upgraded its calls on Cambridge Industrial Trust (CIT) and Ho Bee Land to “buys” from “holds”, while also raising their target price estimates to $12.05 and $3 respectively.
SINGAPORE (May 30): Maybank Kim Eng Research is turning positive on Singapore’s property developers with expectations of a potential rebound in property prices, even without further policy easing.
UOL Group remains Maybank’s top “buy” pick with a target price of $9.05, and has been deemed the best proxy for a price rebound in Singapore.
