Analysts Geraldine Wong and Derek Tan say: "We price in additional operational beds growing with Coliwoo’s two year room growth target, with a one-year operational ramp up to stabilisation."
DBS Group Research is initiating a "buy" call on recently listed Coliwoo Holdings with a target price of 88 cents. Aside from DBS, several other brokerages have also initiated their coverage on Coliwoo on the back of a healthy pipeline of co-living property launches.
See more: Coliwoo’s price dislocation from IPO makes good entry opportunity
