She notes that GuocoLand's share price has gained 23% year to date but remains attractive at 0.5x to its RNAV. "Within the small-mid cap developer space, GuocoLand is our preferred pick, as its twin engines of growth continue to power earnings momentum," says Foo.
Tabitha Foo of DBS Group Research has raised her target price for GuocoLand from $3 to $3.30 after it reported a 14% y-o-y jump in its 1HFY2026 earnings.
At $85 million, GuocoLand's bottom line was 64% of Foo's full-year projection. She attributes this to lower-than-expected financing costs.
