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DBS ups TP for Tuan Sing to 66 cents as potential GulTech IPO approaches

Atiqah Mokhtar
Atiqah Mokhtar • 3 min read
DBS ups TP for Tuan Sing to 66 cents as potential GulTech IPO approaches
DBS has kept its “buy” call for Tuan Sing with a higher target price of 66 cents.
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DBS Group Research has kept its “buy” call with a higher target price of 66 cents for Tuan Sing Holdings after it announced its 1HFY2021 ended June results on August 6.


DBS analysts Woon Bing Yong and Derek Tan note that Tuan Sing’s 1HFY2021 earnings of $99.9 million, driven by the disposal of Robinson Point, was in line with their expectations in an August 10 research note.

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