DBS observes that the company's Singapore commercial assets continue to maintain high occupancy rates and positive rental reversions.
DBS Group Research has maintained its "buy" call and $2 target price on GuocoLand (SGX:F17
) following the developer's 1HFY2025 results, which came in ahead of estimates.
For the six months ended Dec 31 2024, GuocoLand reported earnings of $74.6 million, up 13% y-o-y, led by its property investment business.
